Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $38,000, $32,000, and $25,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $43,000, $35,000, and $19,000, respectively. Direct materials purchases were $560,000, direct labor was $238,000 for the year, and factory overhead was $144,000. Prepare a cost of goods sold budget for Sleep Tight, Inc.