Income Statement Pietro Frozen Foods, Inc. produces frozen plazas. For next year, Pietro predicts that 54,100 units will be produced, with the flowing total costs Direct materials Direct labor 64,000 Variable overhead 27,000 Fixed overhead 240,000 Next year, Pietro expects to purchase $126,500 of direct materials. Projected beginning and ending Inventories for direct materials and work in proces are follow: Direct materials Work-in-process Inventory Inventory Beginning $6,000 $12,400 Ending $5.900 $14.400