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: Next year, Peetro expects to purchase $125,500 of direct materials. Projected beginning and ending inventories for direct materials and work in pri 1. Prepare a statement of cost of goods manufactured. Pietro Frozen Foods, Inc. Statement of Cost of Goods Manufactured For the Coming Year Direct materials Beginning inventory Add: Purchases = Materials available Eess: Ending inventory Direct materials used in production Direct labor Manufacturiey (Factory) overhend * Jotal manufacturing costs added Addibeginning workin erocess Less: Ending whel in process o y Cost of goods manufactured 2. What if the ending inventery of direct materiais increased by $1,300 ? Indicate the affect that this would have on the items fisted below