Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts...

Calculation of Cost of goods amnufactured:

1) Pietro Frozen Foods,Inc.

Statement of Cost of Goods Sold

for the coming year

Cost Of Goods Manufactured $450,100

Add;Begining Finished Goods $47,500

Cost of Goods Available for Sale $497,600

Less:Ending Finished Goods   ($39,000)

Cost of Goods Sold $458,600

2) If begining inventory of finished goods is decreased by $3,750,then cost of goods sold will also DECREASE by $3,750

Cost Of goods manufactured $450,100

Add:Begining finished goods (47,500-3,750) $43,750

Cost of goods available for sale $493,850

Less: Ending finished goods ($39,000)

Cost of goods sold $454,850