Pietro Frozen Foods, Inc. produces frozen pizzas. For next year, Pietro predicts that 51,900 units will be produced, with the following total costat Direct materials Direct labor 73,000 Variable overhead 24,000 Fixed overhead 235,000 Next year, Pietro expects to purchase $127.500 of direct materials. Projected beginning and ending inventories for direct materials and work in proces are as follow Direct materials Work-in-process Inventory Inventory Beginning $7,000 $11,100 Ending 56.900 $13,100 Pietro expects to produce 51,900 units and sell 51.200 units. Beginning inventory of finished goodi h $40,500, and ending inventory of finished goods de peste to be 132,000 Required: 1. Prepare a statement of cost of goods sold in pod form Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year Cost of goods manufactured Add: Cost of goods available for sale 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 $3,000? What would be the effect on the cost of goods sold? by