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Direct labor Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 48,600 units will be produced with the following total
Direct labor Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 48,600 units will be produced with the following total costs: Direct materials ? Variable overhead Fixed overhead $59,000 23,000 245,000 Next year, Bob's Bistro expects to purchase $125,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Beginning Ending Direct materials Inventory $6,000 $5,900 Work-in-Process Inventory $12,400 $14,400 Bob's Bistro expects to produce 48,600 units and sell 47,900 units. Beginning inventory of finished goods is $46,500, and ending inventory of finished goods is expected to be $38,00 Required: 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods Sold For the Coming Year 100000 2. What if the beginning inventory of finished goods increased by $4,750? What would be the effect on the cost of goods sold? by $
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