Prepare a cost of goods sold budget for Day Timer Publishers Inc. using the information in Practice Exercises 22-3B and 22-4B. Assume the estimated inventories on January 1, 2010, for finished goods and work in process were $39,000 and $18,000, respectively. Also assume the desired inventories on December 31, 2010, for finished goods and work in process were $43,000 and $15,000, respectively. Factory overhead was budgeted at $240,000.