$539,500 Total factory overhead costs.... 818,000 g75 Preparing csfoudget for Kenwood Manufactur. LO2 E7- Prepare a cost of goods sold budget for Kenwood Manufactur- ing Inc. for the year ended December 31, 2013, from the follow- ing estimates. Inventories of production units Work-in- Finished Process Goods $13,900 24,200 January 1, 2013 December 31, 2013.. $25,800 27,300 Direct materials purchased during the year, $548,000; begin- ning inventory of direct materials, $36,000; and ending inventory of direct materials, $23,000. Totals from other budgets included $395,500 481,000 Total factory overhead costs