Cornerstone 2.2 Refer to Cornerstone Exercise 2.1. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead $60,000 25,000 220,000 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 Inventory $5,600 4,900 Work-in-Process Inventory $12,500 4,600 Beginning Ending Required: 1. Prepare a statement of cost of goods manufactured in good form