Question: Help me solve please, will leave a good review! Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts
Cost of Goods Sold Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 53,300 units will be produced, with the following total costs: Direct materials ? Direct labor 65,000 Variable overhead 21,000 Fixed overhead 220,000 Next year, Pietro expects to purchase $127,000 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 $5,000 $13,200 Ending $4,900 $15,200 Pietro expects to produce 53,300 units and sell 52,600 units. Beginning inventory of finished goods is $46,500, and ending inventory of finished goods is expected to be $38,000. Required: 1. Prepare a statement of cost of goods sold in good form. Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year
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