m/ilm/takeAssignment/takeAssignmentMain.do/illve +Book Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,600 units will be Direct materials Direct labor Variable overhead 59,000 25,000 Fixed overhead 240,000 Next year, Pietro expects to purchase $125,500 of direct materials. Projected beginning and ending inver Beginning. Ending Direct materials Inventory $7,000 $6,900 Work-In-Process Inventory $14,900 $16,900 Pietro expects to produce 53,600 units and sell 52,900 units. Beginning inventory of finished goods is $ Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year Cost of goods manufactured Add: Beginning finished goods 45,700 X 38,500 Cost of goods available for sale Less: Ending finished goods Cost of goods sold Feedback Check My Work See Cornerstone 2.3 30,000 2. What If the beginning inventory of finished goods decreased by $4,250? What would be the effect Check My Work All work