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Cost of Goods Sold Bob's Bistro produces party.ed hoagie sandwiches for next year, Bob's Bistro predicts that 54,000 units will be produced with the following
Cost of Goods Sold Bob's Bistro produces party.ed hoagie sandwiches for next year, Bob's Bistro predicts that 54,000 units will be produced with the following total costs Direct materials Direct labore 553,000 Variable overhead 24,000 Fixed overhead 190,000 Next year, Bob's Bistro expects to purchase 5130,000 of direct matenols, Projected beginning and ending inventories for direct materials and work in process are as follo Direct materials Work in Process Inventory Inventory Deginning 54,000 $11,000 Ending $3,900 $13,000 Bob's Bistro expects to produce 54,000 units and sell 53,300 urts. Beginning inventory of finished poodi s 140.500, and ending inventory of the goods is expected to $32,000 Required 1. Prepare a statement of cost of goods sold in good form Bob's Bistro Statement of Cost of Goods Sold For the Coming Year Cost of goods manufactured Adda Heginning finished goods 40.500 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods Sold For the Coming Year Cost of goods manufactured Add: Beginning finished goods 40,500 Cost of goods available for sale Less: Ending finished goods 32,000 Cost of goods sold
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