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please help! Cost of Goods Sold Bob's Bestro produces party...

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Accounting

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Cost of Goods Sold Bob's Bestro produces party sized hoagie sandwiches for next year, Bob's Bistro predicts that 54,200 units will be produced with the following total costs Direct matena Direct labor $54,000 Variable overhead 26,000 Fixed overhead 200,000 Next year, Bob's Bestro expects to purchase $123,000 of dwect materials. Projected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work in Process Inventory Inventory Beginning $4,000 $14.400 Ending $3,900 $16,400 Bobsstro expects to produce 54,900 units and sell 54,200 units Beginning inventory of finished goods is $38,500, and ending inventory of finished goods is expected to be $30,000 Required: 1. Prepare a statement of cost of goods sold in good form. Bob's Bistro Statement of Cost of Goods Sold For the Coming Year Cost of goods manufactured 203,100 X Add: Beginning finished goods 2,000 X Cost of goods available for sale 201,100 X Less: Ending finished goods 8,500X Cost of goods sold 203,100 X

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