Bob's Bistro produces partyrsired hoagle sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct matertais DirectlaborVanableoverheadFxedoverhead$65,00021,000210,000 Nevt Year, Bobs Bstro expects to purchase 5119,500 of direct materiais. Projected beginning and ending inventories for direct materials and work in process are as follows: \begin{tabular}{lcc} & DirectmaterialsInventory & Work-in-ProcessInventory \\ \hline Beginning & $7,000 & $12,500 \\ Ending & $6,900 & $14,500 \end{tabular} Required: 1. Prepare a statement of cost of goods masuractured. Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Direct matertals Aegening inzentory Bed Phechases or Matenals available Lhes Ladeng mineatory Direct materials used in production Dirnct What: = Manufarturing iractaryewerticad Total manufacturing costs added Brid fegluning wark in pereces = Pei fipling wirk in. perects Cout of 0oods mancacturea 2. What if the ending inventory of direct materials decreased by $1,300 ? Indicate the affect that this would have on the items listed below