Income Statement Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 53,000 units will be produced with the following total costs: Direct materials ? Direct labor Variable overhead Fixed overhead $58,000 15,000 225,000 Next year, Bob's Bistro expects to purchase $130,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Beginning Ending Inventory $5,000 $4,900 Inventory $11,600 $13,600 Next year, Bob's Bistro expects to produce 53,000 units and sell 52,300 units at a price of $14.00 each. Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000. Total selling expense is projected at $20,500, and total administrative expense is projected at $102,000.