Cost of Goods Sold Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,100 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead ? $52,000 15,000 215,000 Next year, Bob's Bistro expects to purchase $115,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct materials Inventory $5,000 $4,900 Work-in-Process Inventory $13,300 $15,300 Bob's Bistro expects to produce 53,100 units and sell 52,400 units. Beginning inventory of finished goods is $43,500, and ending inventory of finished goods is expected to be $35,000. 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