Instruction Sleep Tight manufactures comforters. The estimated Inventories on January 1 for finished goods, work in process, and materials were $38,000, $33,000 and $25,000, respectively. The desired Inventories on December 31 for tokished goods, work in process, and materials were 543,000, $37,000, and $20,000, respectively. Direct material purchases were $575,000, direct labor was $212,000 for the year, and factory overhead was $154,000 Required: Prepare a cost of goods sold budget for Sleep Tight, Inc. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Less" or Plus will automatically appear it is required. Be sure to complete the statement heading Cost of Goods Sold Budget Sleep Tight, Inc. Cost of Goods Sold Budget (Label Instruction Labels and Amount Descriptions Cost of Goods Sold Budget