#12

Sieep Tight, inc, manufactures comforters. The estimated inventaries on Janwary i for finished goods; work in process, and moterials were $10,000, $34,000, and $24,000, respectively. The desired ieventories on December 31 for finished goods, work in protess, and materlis were $45,000,$33,000, and $23,000, respectively. Direct materials purchases were $560,000, direct laber was $221,000 for the yesc, and toctory overhead was $151,000. Cost of Goods Sold Budget