Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 19 direct labor hours at $18 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 580 chairs in ending inventory. There is no beginning inventory of chairs. Required: Prepare a cost of goods sold budget for Andrews Company, Round your answers to the nearest dollar Andrews Company Cost of Goods Sold Budget For the Coming Year