Calculator Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials 2 Direct labor $60,000 Variable overhead 25,000 Fixed overhead 220,000 Next year, Pietro expects to purchase $119,300 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct Materials Work in Process Inventory Inventory Beginning $5,600 $12,500 Ending 4,900 14,600 Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is $42,500, and ending inventory of finished goods is expected to be $34,000 Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year Check My Work eBook eAssignment Sessionlocatorinprogress=false Add Remittance Calculator Connect - Clase ACC 211 nx For the Coming Year + Feed They Woo See Cornerstone 2.3 2. What if the beginning inventory of finished goods decreased by $5,000? What would be the effect on the cost of goods sold by Fada See Cornerstone 2.3 Check My Work o . E