Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,800 units will be produced, with the following tota costs: Next year, Pietro expects to purchase $124,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Pietro expects to produce 50,800 units and sell 50,100 units. Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000. Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods sold Pietro expects to produce 50,800 units and sell 50,100 units. Beginning inventory of finished goods is $40,500, and ending inventory of finished goods is expected to be $32,000. Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods 2. What if the beginning inventory of finished goods decreased by 53,250? What would be the effect on the cost of goods sola? by 1