eBook Question Content Area Cost of Goods Sold Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that 48,600 units will be produced with the following total costs: Direct materials ? Direct labor $74,000 Variable overhead 24,000 Fixed overhead 235,000 Next year, Bobs Bistro expects to purchase $119,500 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 $11,800 Ending $5,900 $13,800 Bobs 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 $38,000.

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Question Content Area

1. Prepare a statement of cost of goods sold in good form.