6)

Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000,$34,000 and $24,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $46,000,$37,000 and $22,000 respectively. Direct materials purchases were $580,000, direct labor was $250,000 for the year, and factory overhead was $153,000