Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 48,700 units will be produced, with the following total costs: Direct materials Direct labor Variable overhead Fixed overhead Next year, Pietro expects to purchase $116,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows 61,000 29,000 195,000 Direct materials Work-in-Process Inventory $7,000 $6,900 Inventory $12,700 $14,700 Beginning Ending Pietro expects to produce 48,700 units and sell 48,000 units. Beginning inventory of finished goods is $45,500, and ending inventory of finished goods is expected to be $37,000 Required: Hide 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 Cost of goods manufactured Cost of goods sold Ending finished goods