Yordi Company expects to sell 1,950 units in January and 1,700 units in February. The company expects to incur the following product costs: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 180 units at $63 each for a total of $11,340. Yordi uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yordi for January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Yordi Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January Units produced and sold in each month Total budgeted cost of ods sold February Data table Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit Print Done S 35 16 12 X

Yordi Company expects to sell 1,950 units in January and 1,700 units in February. The company expects to incur the following product costs: (Click the icon to view the product costs.) The beginning balance in Finished Goods Inventory is 180 units at $63 each for a total of $11,340. Yordi uses FIFO inventory costing method. Prepare the cost of goods sold budget for Yordi for January and February. (Abbreviations used: VOH = variable manufacturing overhead; FOH = fixed manufacturing overhead.) Yordi Company Cost of Goods Sold Budget Two Months Ended January 31 and February 28 January Units produced and sold in each month Total budgeted cost of ods sold February Data table Direct materials cost per unit Direct labor cost per unit Manufacturing overhead cost per unit Print Done S 35 16 12 X

Name: Yordi Company expects to sell 1,950 units in January and 1,700 units
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Description: Yordi Company expects to sell 1,950 units in January and 1,700 units in February. The company expects to incur the following product costs:(Click the icon to view the product costs.)The beginning balance in Finished Goods Inventory is 180 units at $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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