Cost of Goods Sold Pietro Frozen Foods, Inc , produces frozen pizzas For next year, Pietro predicts that 53,000 units will be produced, with the following total costs Direct materials Direct labor 71,000 Variable overhead 28,000 Fixed overhead 210,000 Next year, Pietro expects to purchase $125,000 of direct materials Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Inventory Work in Process Inventory Beginning $7,000 $13,200 Ending $6,900 $15,200 Pietro expects to produce 53,000 units and sell 52,300 units Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000 Required 1 Prepare a statement of cost of goods sold in good form Pietro Frozen Foods, Inc Statement of Cost of Goods Sold For the Coming Year $ $ $ 2 What if the beginning inventory of finished goods decreased by $4,750 What would be the effect on the cost of goods sold by $ Next year, Pietro expects to purchase $125,000 of direct materials Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Inventory $7,000 Work in Process Inventory Beginning Ending $13,200 $15,200 $6,900 Pietro expects to produce 53,000 units and sell 52,300 units Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000 Required 1 Prepare a statement of cost of goods sold in good form Pietro Frozen Foods, Inc Statement of Cost of Goods Sold For the Coming Year increase decrease no change eginning inventory of finished goods decreased by $4,750 What would be the effect on the cost of goods sold by $

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Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,000 units will be produced, with the following

Cost of Goods Sold

Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,000 units will be produced, with the following total costs:

Direct materials	?
Direct labor	71,000
Variable overhead	28,000
Fixed overhead	210,000

Next year, Pietro expects to purchase $125,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows:

	Direct materials Inventory	Work-in-Process Inventory
Beginning	$7,000	$13,200
Ending	$6,900	$15,200

Pietro expects to produce 53,000 units and sell 52,300 units. Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000.

Required:

1. Prepare a statement of cost of goods sold in good form.

Pietro Frozen Foods, Inc.
Statement of Cost of Goods Sold
For the Coming Year
	$

	$

	$

2. What if the beginning inventory of finished goods decreased by $4,750? What would be the effect on the cost of goods sold? by $ image text in transcribed

Next year, Pietro expects to purchase $125,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Inventory $7,000 Work-in-Process Inventory Beginning Ending $13,200 $15,200 $6,900 Pietro expects to produce 53,000 units and sell 52,300 units. Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000. Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year increase decrease no change eginning inventory of finished goods decreased by $4,750? What would be the effect on the cost of goods sold? by $