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 $52,000 Variable overhead 15,000 Fixed overhead 220,000 Next year, Pietro expects to purchase $116,000 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 $4,000 $11.700 Beginning Ending $3,900 $13,700 Required: 1. Prepare a statement of cost of goods manufactured Pietro Frozen Foods, Inc. Statement of Cost of Goods Manufactured For the Coming Year Direct materials Materials available $ Direct materials used in production Total manufacturing costs added Cost of goods manufactured 2. What if the ending inventory of direct materials increased by $1,200? Indicate the affect that this would have on the items listed below: Direction of change Amount Direct materials used by Total manufacturing costs by oli $ Cost of goods manufactured by