Cornerstone Exercise 2.2 (Algorithmic) Cost of goods Manufactured Pietro Frozen Foods, Inc., produces frozen pizzas, for next year, pietro predicts that 50,00 units will be produced, with the following total cost: Direct materials 73,000 Direct labor 26,000 Fixed overhead 185,00 Next year, pietro expects to purchase 125,000 of direct materials. Projected beginning and ending investories for direct materials and work in process are as follow: Direct materials Work-in-process Inventory Inventory Beginning 5,000 14, 800 Ending 4, 900 16, 800 Required: prepare a statement of cost of goods manufactured