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

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Accounting

Cost of Goods Manufactured
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
Variable overhead
$65,000
Fixed overhead
23,000
250,000
Next year, Pietro expects to purchase $127,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows:
\table[[,\table[[Direct materials],[Inventory]],\table[[Work-in-Process],[Inventory]]],[Beginning,$6,000,$12,900
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