OWV2 Online teachin x + ssignment/takeAssignmentMain.do?inprogress-true eBook Calculator Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials Direct labor $60,000 Variable overhead 25,000 Fixed overhead 220,000 Next year, Pietro expects to purchase $119,300 of direct materials. Projected beginning and ending Inventories for direct materials and work in process are as follows: Direct Materials Inventory $5,600 4,900 Work-in-Process Inventory $12,500 14,600 Beginning Ending Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods is $42.500, and ending inventory of finished goods is expected to be $34,000. 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 ngageNOWV2 Online teachirx + /takeAssignment/takeAssignmentMain.do?inprogress true eBook Work-in-process Calculator Direct Materials Inventory $5,600 4,900 Inventory Beginning Ending $12.500 14,600 Pietro expects to produce 50.000 units and sell 49,300 units. Beginning inventory of finished goods is $42,500, and ending inventory a finished goods is expected to be $34,000. 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 Cost of goods available for sale Less: Ending finished goods Cost of goods sold 2. What if the beginning inventory of finished goods decreased by $5.000? What would be the effect on the cost of goods sold decrease by s 9/6/20 DELL