Cost of Goods Sold Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 52,100 units will be produced with the following total costs: Direct materials ? Direct labor $54,000 Variable overhead 26,000 Fixed overhead 240,000 Next year, Bob's Bistro expects to purchase $123,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Inventory Inventory $7,000 Beginning Ending $13,800 $15,800 $6,900 ginning tory of finished goods 8,500, and ending Bob's Bistro expects to produce 52, units and sell 51,400 units inventory of finished goods is expected to be $30,000. 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 2. What if the beginning inventory of finished goods increased by $3,750? What would be the effect on the cost of goods sold? by $