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

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Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,200 units will be produced, with the following total costs: Direct materials ? Direct labor 58,000 Variable overhead 21,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $128,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as fu Direct materials Work-in-Process Inventory Inventory Beginning$7,000 $14,000 Ending$6,900 $16,000 Pietro expects to produce 50, 200 units and sell 49,500 units. Beginning inventory of finished goods is$47,500, and ending inventory of finished goods is expecte
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 iſ the beginning inventory of finished goods decreased by $3,7507 What would be the effect on the cost of goods sold? decrease by Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,200 units will be produced, with the following total costs: ? Direct materials Direct labor Variable overhead Fixed overhead 58,000 21,000 245,000 Next year. Pietro expects to purchase$128,000 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 Beginning $7,000$14,000 Ending $6,900$16,000 Pietro expects to produce 50,200 units and sell 49,500 units. Beginning inventory of finished goods is $47,500, and ending inventory of finished goods is expected to be$39,000 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

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