godo Income StatementBob's Bistro produces party-sized hoegie sandwiches. For next year, Bob's Bistro predicts that 55,000 units will be produced with the following total costsDirect materialsDirect laborVariable overheadFixed overheadNext year, Bob's Batre expects to purchase $130,000 of direct materials. Projected beginning and eDirect materialsWork-in-ProcessInventoryInventoryBeginning$7,000$14,200Ending$6,500$16.200Next year, Bob's Bistro expects to produce 55,000 units and sell 14,300 units at a price of $16.0 each Beginning invertery of finished goodsselling expense is projected at $20,000, and total administrative expense is projected at $104,500$57,00023,000240,000Os matinLess Operating expensesSelins erantiesRequired:1. Prepare an income statement in good form. Round the percent to four decimal places before converting to a percentage. For example,Bob's BistroIncome StatementFor the Coming Year7600010400and work300process are as followsding inventary of finished goods is expected to be $40,000 Total8835 and entere

Total manufacturing cost has been computed below:Particulars$Raw material, beginning…

Bob's Bistro produces party-sized hoege sandwiches. For next year, Bob's Bistro predicts that $5,000 unts will be produced with the following total costs Direct materials Direct labor Variable overhead Fixed overhead Next year, Bob's Bistro expects to purchase $130,000 of direct materials. Prejected beginning and ending inventories for direct materials and work in process are as follows Direct materials Work in Process Inventory Inventory $7,000 $14,200 $16.200 Beginning thong $6,500 Next year, Bob's Bistro expects to produce $5,000 units and sell 94,300 units at a price of $16.00 each. Beginning invertery of finished goods is $48.500, and ending inventary of finished goods is expected to be $40,000 Total selling expense is projected at $20,000, and total administrative expense is projected at $104,500 Required: 1. Prepare an income statement in good form, Round the percent to four decimal places before converting Bob's Bistro Donne margina Less Operating expenses $57,000 23,000 240,000 Minibirte din TXURIAL Q Inceme Statement For the Coming Year 200 VOLION NANO L Percent 143) a percentage. For example, 88349 would be 1.35.