Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $37,000, $33,000, and $24,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $43,000, $34,000, and $20,000, respectively. Direct materials purchases were $550,000, direct labor was $233,000 for the year, and factory overhead was $145,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget. For the Year Ending December 311