Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 51,500 units will be produced, with the following total costs: Direct materials Direct labor ? 66,000 Variable overhead Fixed overhead 15,000 200,000 Next year, Pietro expects to purchase $127,000 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 $13,900 $15,900 Pietro expects to produce 51,500 units and sell 50,800 units. Beginning inventory of finished goods is $46,500, and ending inventory of finished goods is expected to be $38,000. 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 Cost of goods manufactured