tions Labels and Amount Descriptions Income Statement Instructions Wolsey Industries Inc. expects to maintain the same inventories at the end of 20Y3 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as Estimated FixedVariable Cost (per Cost unit sold) $66.00 32.00 20.00 4 Direct labor $190,000.00 6 Selling expenses: 102,000.00 6.00s Check My Work 2:46 PM