OBJ.4 BY PE 22-5A Cost of goods sold budget Prepare a cost of goods sold budget for Harbour Inc. using the information in Prac- tice Exercises 22-3A and 22-4A. Assume the estimated inventories on January 1, 2016, for finished goods and work in process were $41,100 and $35,700, respectively. Also assume the desired inventories on December 31, 2046, for finished goods and work in process were $49,800 and $50,900, respectively. Factory overhead was budgeted at $ 197,200