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 Variable overhead t Fixed overhead $67,000 18,000 200,000 Next year, Bob's Bistro expects to purchase $120,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Required: Direct materials Inventory $4,000 $3,900 Work-in-Process Inventory $10,900 $12,900 1. Prepare a statement of cost of goods manufactured, Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Direct materials Check My Work All work saved Email instructor Save and Ext Submit Assignment for Grading eBook Direct materials For the Coming Year Materials available Direct materials used in production Total manufacturing costs added 0000 Cost of goods manufactured 2. What if the ending inventory of direct materials decreased by $2,6007 Indicate the affect that this would have on the items listed below Direct materials used Total manufacturing costs Cost of goods manufactured Direction of change by by by 1000 Check My Work Previous Subgment for Grading