Bob's Bistro produces party-sized hoge sandwiches for next year, Bob's Bestro predicts that 50,000 units will be produced with the following total costs Direct materials Direct labor $100,000 Variable overhead 60,000 Fixed overhead 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 was follows Direct Materials Work in Process Inventory Inventory Beginning $9,500 $4,500 Ending 5,000 2.500 Bob's Bistro expects to produce 50,000 units and sell 50,500 units Beginning inventory of finished goods $13,000, and ending inventory of finished goods is expected to be $10.000 Required: 1. Prepare a statement of cost of goods sold in good form, Bob's Bistro Statement of Cost of Goods Sold For the Coming Year Beginning finished goods Bob's Bistro Statement of Cost of Goods Sold For the Coming Year Beginning finished goods x 13,000 X Add: Cost of goods sold x 622,000 x Cost of goods available for sale 635,000 Less: Ending finished goods 10,000 Cost of goods sold 625,000 2. What if the beginning inventory of finished goods increased by $4,000? What would be the effect on the cost of goods sold? increase by S629,000 X