Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead $62,000 25,000 240,000 Next year, Bob's Bistro expects to purchase $127,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Inventory Beginning Ending Required: Inventory $4,000 $14,600 $3,900 $16,600 Prepare a statement of cost of goods manufactured. Bob's Bistro Statement of Cost of Goods Manufactured Direct materials For the Coming Year Materials available Direct materials used in production Total manufacturing costs added Cost of goods manufactured 2. What if the ending inventory of direct materials decreased by $2,100? Indicate the affect that this would have on the items listed below: Direct materials used Total manufacturing costs Cost of goods manufactured Direction of change by by Amount