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 Fixed overhead Beginning Ending Required: Next year, Bob's Bistro expects to purchase $126,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $4,000 $3,900 Direct materials Beginning inventory 1. Prepare a statement of cost of goods manufactured. Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Add: Purchases 7 Materials available $60,000 28,000 210,000 Laner Ending inventams Work-in-Process Inventory $12,100 $14,100 4,000 126,500 eBook 1. Prepare a statement of cost of goods manufactured. Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Direct materials Beginning inventory Add: Purchases Materials available Less: Ending inventory Direct materials used in production Total manufacturing costs added Cost of goods manufactured Feedback Check My Work 1. See Example 2.2 4,000 126,500 X 0000000 2. What if the ending inventory of direct materials decreased by $2,400? Indicate the affect that this would have on the items listed below: Direction of change Amount 2. What if the ending inventory of direct materials decreased by $2,4007 Indicate the affect that this would have on the items listed below: Direction of change Amount Direct materials used Total manufacturing costs Cost of goods manufactured Feedback Check My Work 2. See Example 2.21 Feedback Check My Work Partially correct Check My Work by by s by s b Previous Next