Drop down box 1:

• Beginning inventory
• Beginning work in process
• Direct labor
• Ending inventory
• Ending work in process

Drop down box 2:

• Add: Beginning work in process
• Add: Direct labor
• Add: Ending inventory
• Add: Ending work in process
• Add: Purchases

Drop down box 3:

• Less: Beginning inventory
• Less: Direct labor
• Less: Direct materials
• Less: Ending inventory
• Less: Purchases

Drop down box 4:

• Beginning inventory
• Direct labor
• Ending inventory
• Ending work in process
• Purchases

Drop down box 5:

• Beginning inventory
• Beginning work in process
• Ending inventory
• Ending work in process
• Manufacturing (Factory) overhead

Drop down box 6:

• Add: Beginning work in process
• Add: Direct labor
• Add: Ending inventory
• Add: Ending work in process
• Add: Purchases

Drop down box 7:

• Less: Beginning work in process
• Less: Direct labor
• Less: Ending inventory
• Less: Ending work in process
• Less: Purchases

Drop down box 8: decrease, increase, no change

Drop down box 9: decrease, increase, no change

Drop down box 10: decrease, increase, no change

Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials ? Direct labor $52,000 Variable overhead 26,000 Fixed overhead 210,000 Next year, Bob's Bistro expects to purchase $127,500 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 $4,000 $13,300 Ending $3,900 $15,300 Required: 1. Prepare a statement of cost of goods manufactured. Bob's Bistro Statement of Cost of Goods Manufactured For the Coming Year Direct materials Direct materials Materials available Direct materials used in production Total manufacturing costs added Cost of goods manufactured 2. What if the ending inventory of direct materials decreased by $2,600? Indicate the affect that this would have on the items listed below: Direction of change Amount Direct materials used by $ Total manufacturing costs by $ Cost of goods manufactured by $