Cost of Goods Manufactured Bob's Bistro produces party-sized hoagle sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs Direct materials 2 Direct labor 560,000 Variable overhead 28,000 Fixed overhead 210,000 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 Work-In-Process Inventory Inventory Beginning $4,000 $12,100 Ending $3,900 $14,100 Required: 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 4,000 Add: Purchases 126,500 Materials available Entire book 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 4.000 Add: Purchases 136.500 Materials available Less Ending Inventory X Direct materials used in production Total manufacturing costs added Cost of goods manufactured Fudback Check My Wor 1. See Example 22 2. What if the ending inventory of direct materials decreased by $2,4002 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 by Direct materials used Total manufacturing costs Cost of goods manufactured by $ by Feedback Check My Work 2. See Example 2.2 Feedback Chewy Work Partially correct Previous Next > Check My Work