eBook Beginning $4,000 $12,100 Ending $3,900 $14,100 Next year, Bob's Bistro expects to produce 49,800 units and sell 49,100 units at a price of $15.00 each. Beginning inventory of finished goods is $45,500, and ending inventory of finished goods is expected to be $37,000. Total selling expense is projected at $20,000, and total administrative expense is projected at $108,500. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would be rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year Percent Sales 736,500 100 Cost of goods sold o/ Gross margin % Less: Operating expenses Selling expenses Administrative expenses % Operating income % Feedback Check My Work 1. See Example 2.4 What if the onoration ovnencoc norcontane for the nact few veare was 56 72 nercent? Management's reaction might he: Check My Work Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for GradingeBook Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 49,800 units will be produced with the following total costs: Direct materials Direct labor $65,000 Variable overhead 29,000 Fixed overhead 225,000 Next year, Bob's Bistro expects to purchase $118,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are follows: Direct materials Work-in-Process Inventory Inventory Beginning $4,000 $12,100 Ending $3,900 $14,100 Next year, Bob's Bistro expects to produce 49,800 units and sell 49,100 units at a price of $15.00 each. Beginning inventory of finished goods is $45,500, and endi inventory of finished goods is expected to be $37,000. Total selling expense is projected at $20,000, and total administrative expense is projected at $108,500. Required: 1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example, .88349 would rounded to .8835 and entered as 88.35. Bob's Bistro Income Statement For the Coming Year Percent Sales $ 736,500 100 o/o Check My Work Previous Next Email Instructor Save and Exit Submit Assignment for G