ment Director Drew View 1100.000 50.000 260.000 Nowe 115.500 radnika Direct Materials was- iPress Inventory Teventory 3.300 12.500 3.00 2.500 130.00 10 aparieties 139.000. arti 14.00 1. Printre tattoo tum runt there to four decimal avertis terror and was and entered .. For the Year QOU DO lo | 2. What if there for the Cast of Goods Sold Baby Bistro produces party-sized hoagie sandwichesFor next year, Bob's Bistro predicts that 50.000 units will be produced with the following total costs: Direct materials $100,000 Direct labor 60,000 Variable overhead Fixed Overhead 260.000 Next year, Bob's Bistro expects to purchase $195,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct Materials Work-in-process Inventory Inventory Beginning $9,500 $4,500 Ending 5,000 2.500 Bob's Bistro expects to produce 50,000 units and sell 50,500 units. Beginning inventory of finished goods le $13,000, and ending inventory of finished goods is expected to be $10,000. Required: 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods Sold For the Coming Year 2. What if the beginning inventory of finished goods increased by 34,000? What would be the effect on the cost of goods sold