Cost of Goods Manufactured

Bob$$s Bistro produces party$-$sized hoagie sandwiches. For next year, Bob$$s Bistro predicts that $50,000$ units will be produced with the following total costs:

Direct materials $?$

Direct labor $$100,000$

Variable overhead $60,000$

Fixed overhead $260,000$

Next year, Bob$$s Bistro expects to purchase $$195,500$ 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 $$9,500$ $$4,500$

Ending $5,0002,500$

Required:

Question Content Area

$1.$ Prepare a statement of cost of goods manufactured in good form.

Bob's Bistro

Statement of Cost of Goods Manufactured

For the Coming Year

Direct materials

$$-$ Select $-$

$-$ Select $-$

Materials available $fill in the blank $48$a$76$a$0$d$7034$f$94\_5$

$-$ Select $-$

Direct materials used in production $fill in the blank $48$a$76$a$0$d$7034$f$94\_8$

$-$ Select $-$

$-$ Select $-$

Total manufacturing costs added $fill in the blank $48$a$76$a$0$d$7034$f$94\_13$

$-$ Select $-$

$-$ Select $-$

Cost of goods manufactured $fill in the blank $48$a$76$a$0$d$7034$f$94\_18$

Question Content Area

$2.$ What if the ending inventory of direct materials decreased by $$3,000?$ Indicate the affect that this would have on the items listed below:

Direction of change Amount

Direct materials used

by

Total manufacturing costs

by

Cost of goods manufactured

by