Prepare a cost of goods sold budget for Sunshine Manufacturing Incorporation for the year ended December 31, 2022, from the following estimates. Inventory of production units: January 1, 2022 December 31, 2022 Direct labor cost Total factory overhead costs Direct materials purchased during the year, $585,000; beginning inventory of direct materials, $38,000; and ending inventory of direct materials, $43,100. Totals from other budgets included: REQUIRED: Use the table Finished Goods $22,500 $18,200 ended December 31, 2022. ####### to prepare Cost of Goods Sold for the year Sushine Manufacturing Company Cost of Goods Sold Budget For the Year Ended December 31, 2022 Finished goods inventory, Jan. 1 Direct materials inventory, Jan. 1 Direct materials purchases Direct materials available Cost of direct materials used Direct labor Factory overhead Cost of goods manufactured Cost of goods available for sale Cost of goods sold