Cost of Goods Manufactured Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead ? $51,000 21,000 185,000 Next year, Pietro expects to purchase $116,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follow Beginning Ending Direct materials Work-in-Process Inventory Inventory $6,000 $13,100 $5,900 $15,100 Required: 1. Prepare a statement of cost of goods manufactured. Pietro Frozen Foods, Inc. Statement of Cost of Goods Manufactured Direct materials For the Coming Year Materials available) Check My Work 000 Previous Next