Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,700 units will be produced, with the following total costs: Direct materials ? Direct labor 55,000 Variable overhead 23,000 Fixed overhead 205,000 Next year, Pietro expects to purchase $129,000 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 $6,000 $10,300 Ending $5,900 $12,300 Pietro expects to produce 50,700 units and sell 50,000 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 $- Select - - Select - $- Select - - Select - $- Select - 2. What if the beginning inventory of finished goods decreased by $3,250? What would be the effect on the cost of goods sold? by $fill in the blank