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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 $72,000 Variable overhead 21,000 Fixed overhead 245,000 Next year, Pietro expects to purchase $127,500 of direct materials. Projected beginning an ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Inventory Inventory Beginning $7,000 $10,100 Ending $6,900 $12,100 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 1. Prepare a statement of cost of goods manufactured Pietro Frozen Foods, Inc. Statement of Cost of Goods Manufactured For the Coming Year Ricet materials Materials available Direct materials used in production Total manufacturing costs added DO01 Cost of goods manufactured 2. What if the ending inventory of direct materials increased by $2,000? Indicate the affect that this would have on the items listed below: Direction of change Direct materials used Totat manufacturing costs Cost of goods manufactured Amount by by S by Check My Work 10 more Check My Work uses remaining Previous Next anment Score: 25% Email Instructor Save and Exit Submit Assignment for Grading

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