Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $39,000, $33,000, and $27,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000, $35,000, and $21,000, respectively. Direct materials purchases were $575,000, direct labor was $212,000 for the year, and factory overhead was $156,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget For the Year Ending December 31

Finished goods inventory,

January 1 $ 39,000

Work in process inventory, January 1 $ 33,000

Direct materials:

Direct materials, January 1 $ 27,000

Direct materials purchases 575,000

Cost of direct materials available for use $ 602,000

Direct materials inventory, December 31 21,000

Cost of direct materials placed in production $ 581,000

Direct labor 212,000

Factory overhead 156,000

Total manufacturing costs 949,000

Total work in process during the period $ 982,000

Work in process inventory, December 31 35,000

Cost of goods manufactured 947,000

Cost of finished goods available for sale $ 986,000

Finished goods inventory, December 31 42,000

Cost of goods sold $ 944,000

is all of this chart correct?