Income Statement

Bob's Bistro produces party$-$sized hoagie sandwiches. For next year, Bob's Bistro predicts that $54,700$ units will be produced with the following total costs:

Direct materials

$?$

Direct labor

$$50,000$

Variable overhead

$25,000$

Fixed overhead

$245,000$

Next year, Bob's Bistro expects to purchase $$122,000$ of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows:

$\backslash$table$[[,\backslash$table$[[$Direct materials$],[$Inventory$]],\backslash$table$[[$Work$-$in$-$Process$],[$Inventory$]]],[$Beginning$,$$$6,000,$$$13,100$