Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $30,000, and $27,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $44,000, $38,000, and $22,000, respectively. Direct materials purchases were $565,000, direct labor was $205,000 for the year, and factory overhead was $154,000. 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 $fill in the blank 1 Work in process inventory, January 1 $fill in the blank 2 Direct materials: Direct materials, January 1 $fill in the blank 3 Dir