Cost of Goods Sold Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,900 units will be produced with the following total costs: Direct materials ? Direct labor Variable overhead Fixed overhead $53,000 27,000 210,000 Next year, Bob's Bistro expects to purchase $125,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct materials Inventory $4,000 $3,900 Work-in-Process Inventory $12,300 $14,300 Bob's Bistro expects to produce 53,900 units and sell 53,200 units. Beginning inventory of finished goods is $44,500, and ending inventory of finished goods is expected to be $36,000.