Preparing a cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $18 of direct materials and uses 1.9 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 $1.80 per direct labor hour. Andrews Company expects to produce 20,000 chairs next year and expects to have 670 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 Cost of goods sold Beginning inventory