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Sleep Tight, Inc., manufactures comforters, The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000,$32,000, and $29,000, respectively. The

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Sleep Tight, Inc., manufactures comforters, The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000,$32,000, and $29,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000,$33,000, and $23,000, respectively. Direct materials purchases were $570,000, direct labor was $238,000 for the year, and factory overhead was $155,000

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