Bob's Bistro produces party-sized hoagle sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials Direct labor Vanable overhead Fixed overhead $100,000 60,000 260,000 Next year, Bob's Bistro expects to purchase $195,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct Materials Inventory $9,500 5,000 Work-in-Process Inventory $4,500 2.500 Required: 1. Prepare a statement of cost of goods manufactured in good form Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Direct materials Beginning inventory Add: Purchases Materials available: Less: Ending inventory Direct materials used in production Direct labor Manufacturing (Factory) overhead Total manufacturing costs added Add: Beginning work in process Less: Ending work in process Cost of goods manufactured 9,500 195,500 205,000 5,000 200,000 Ivslii! slig 100,000 120,000 620,000 4,500 2,500 622,000 2. What if the ending inventory of direct materials decreased by $3,0007 Indicate the affect that this would have on the items listed below: Direction of change Amount