Cost of Goods Sold Bob's Bistro produces party-sized hoagle sandwiches. For next year, Bob's Bistro predicts that 49,700 units will be produced with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead $52,000 17,000 190,000 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 $5,000 $4,900 Work-in-Process Inventory $11,200 $13,200 Bob's Bistro expects to produce 49,700 units and sell 49,000 units. Beginning inventory of finished goods is $43,500, and ending inventory of finished goods is expected to be $35,000. Required: