Cost of Goods Manufactured Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs 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, Bobs 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 5,000 2,500 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 d7ac54fc3f8d008_5 - Select - Direct materials used in production $fill in the blank d7ac54fc3f8d008_8 - Select - - Select - Total manufacturing costs added $fill in the blank d7ac54fc3f8d008_13 - Select - - Select - Cost of goods manufactured $fill in the blank d7ac54fc3f8d008_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 PreviousNext