Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 51,400 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Direct materials Inventory ? $6,000 $5,900 $74,000 Next year, Bob's Bistro expects to purchase $124,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: 24,000 215,000 Work-in-Process Inventory $14,300 $16,300 Beginning Ending Next year, Bob's Bistro expects to produce 51,400 units and sell 50,700 units at a price of $13.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling expense is projected at $20,500, and total administrative expense is projected at $124,000. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Previous Next

Sob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 51,400 units will be produced with the following otal costs: Next year, Bob's Bistro expects to purchase $124,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Next year, Bob's Bistro expects to produce 51,400 units and sell 50,700 units at a price of $13.00 each. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be $39,000. Total selling experise is projected at $20,500, and total administrative expense is projected at $124,000 Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35