TBA, Inc. Cost of Goods Sold Budget For the Year Ending December 31, 20x1 Finished Goods Inventory, January 20x1 Work in Process Inventory, January 20x1 Direct Materials: Direct Materials Inventory January 1, 20x1 Direct Material Purchases Cost of direct Materials available for use Less: Direct Materials Inventory (12/31/20X1) Cost of Direct Materials Placed in production Direct Labor Factor Overhead Total Manufacturing Costs Total Work in Process during period Less: Work in Process inventory, December 31, 20x1 Cost of Goods Manufactured Cost of finished Goods available for sale Finished Goods Inventory, December 31, 20x1 (Note a) $ Cost of Goods Sold (Note a) Finished Goods Inventory, 12/31/20x1: Unit costs Direct materials Direct labor Overhead: Budgeted variable overhead Budgeted fixed overhead ($1,280,000 / 16,000,000) Total manufacturing cost per unit Total ending inventory cost (100,000 x $