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	$69,000
Variable overhead	25,000
Fixed overhead	215,000

Next year, Bobs Bistro expects to purchase $130,000 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	$4,000	$11,400
Ending	$3,900	$13,400

Required:

Question Content Area

1. Prepare a statement of cost of goods manufactured.