cone co., produces ice cream. For next year, cone co. predicts that 53,800 units will be produced, with the following total costs:

Direct materials	?
Direct labor	59,000
Variable overhead	28,000
Fixed overhead	245,000

Next year, cone co. expects to purchase $121,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows:

Direct materials Inventory	Work-in-Process Inventory
Beginning	$5,000	$10,100
Ending	$4,900	$12,100

Pietro expects to produce 53,800 units and sell 53,100 units. Beginning inventory of finished goods is $45,500, and ending inventory of finished goods is expected to be $37,000.

Required:

1. Prepare a statement of cost of goods sold in good form.

Statement of cost of goods sold

Cost of goods manufactured- ?

Add: beginning finished goods- $45500

Cost of goods available for sale - ?

Less: ending finished goods - $37000

Cost of goods sold- ?