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Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000, $35,000 and $29,000 respectively. The
Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $40,000, $35,000 and $29,000 respectively. The desired Inventories on December 31 for finished goods, work in process, and materials were $45,000,$38,00 and $23,000 respectively. Direct material purchases were $580,000 . Direct labor was $245,000 for the year Factory overhead was $148,000. .
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