Cost of Goods Sold Pietro Frozen Foods, Inc, produces frozen pizzas. For next year, Pietro predicts that 52,400 units will be produced, wich the following total costs: Next year, Pietro expects to purchase $119,000 of direct materials. Projected bepinning and ending inventories for direct materiais and work in process are as follows: Pietro expects to produce 52,400 units and sell 51,700 units. Beginning iriventory of finihed goods is $41,5p0, snd ending irventory of finished poods ir expected to 53,000 , Required: 1. Prepare a statement of cost of goods sold in good form. 2. What if the beginning irventory of finished goods decreased by 55,250? What would be the effect on the cost of goods sold? by s