Chapter 2 Homework 08-31-2021 wroom, Inc. prof. dr with the Duman Det 59,000 Vaat 20,00 head 235.000 Norte, Pepito che, down Direct materials Work in Process Inventory Investory be 10,000 400 tion 55.900 115.400 Pero erect to reduce 53.000 5.200 unit. Being a good 40dibed oodus peded to be $33.000 1. statement of modem Pietro Frozen Foods, Inc. State of Cow Goods Sold For the Coming Year Previous had Check Ny wack Check My Vroue Hew 235.00 . Direct materials Win Pro Invey Inventory 11:40 100 400 to pr. 100 g, het Required Pierre Foods Sale of S For the Congo 7. What the intory to do what the contact Pro he Check My vrhu Sument for Grading AM Assignment Score 12:53 Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,900 units will be produced, with the following total costs: Direct materials Direct labor 52,000 Variable overhead 28,000 Poved overhead 235,000 Next year, Pietro expects to purchase $126,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $6,000 $5,900 Work-in-Process Inventory $13,400 $15,400 Beginning Ending Pietro expects to produce 53,900 units and sell 53,200 units. Beginning inventory of finished goods is $41,500, and ending inventory of finished goods is expected to be $33,000. 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 2. What if the beginning inventory of finished goods decreased by $5,750? What would be the effect on the cost of goods sold? by $ Chapter 2 Homework 08-31-2021 wroom, Inc. prof. dr with the Duman Det 59,000 Vaat 20,00 head 235.000 Norte, Pepito che, down Direct materials Work in Process Inventory Investory be 10,000 400 tion 55.900 115.400 Pero erect to reduce 53.000 5.200 unit. Being a good 40dibed oodus peded to be $33.000 1. statement of modem Pietro Frozen Foods, Inc. State of Cow Goods Sold For the Coming Year Previous had Check Ny wack Check My Vroue Hew 235.00 . Direct materials Win Pro Invey Inventory 11:40 100 400 to pr. 100 g, het Required Pierre Foods Sale of S For the Congo 7. What the intory to do what the contact Pro he Check My vrhu Sument for Grading AM Assignment Score 12:53 Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,900 units will be produced, with the following total costs: Direct materials Direct labor 52,000 Variable overhead 28,000 Poved overhead 235,000 Next year, Pietro expects to purchase $126,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $6,000 $5,900 Work-in-Process Inventory $13,400 $15,400 Beginning Ending Pietro expects to produce 53,900 units and sell 53,200 units. Beginning inventory of finished goods is $41,500, and ending inventory of finished goods is expected to be $33,000. 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 2. What if the beginning inventory of finished goods decreased by $5,750? What would be the effect on the cost of goods sold? by $
