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Cost of Goods Sold Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs...

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Accounting

Cost of Goods Sold
Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that 49,100 units will be produced with the following total costs:
Direct materials ?
Direct labor $61,000
Variable overhead 25,000
Fixed overhead 180,000
Next year, Bobs Bistro expects to purchase $115,000 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows:
Direct materials
Inventory Work-in-Process
Inventory
Beginning $6,000 $13,900
Ending $5,900 $15,900
Bobs Bistro expects to produce 49,100 units and sell 48,400 units. Beginning inventory of finished goods is $46,500, and ending inventory of finished goods is expected to be $38,000.
Required:
Question Content Area
1. Prepare a statement of cost of goods sold in good form.
Bobs Bistro
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
Question Content Area
2. What if the beginning inventory of finished goods increased by $4,250? What would be the effect on the cost of goods sold?
by $fill in the blank ac38e8001f90f8f_2

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