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URGENT PLS HELP Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $ 3

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URGENT PLS HELP Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $38,000,$31,000, and $27,000, respectively. The
desired inventories on December 31 for finished goods, work in process, and materials were $43,000,$36,000, and $20,000, respectively. Direct materials purchases were $560,000, direct labor
was $228,000 for the year, and factory overhead was $155,000.
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
Total manufacturing costs
Total work in process during the period
Work in process inventory, December 31
Cost of goods manufactured
Cost of finished goods available for sale
Finished goods inventory, December 31
$
Cost of goods sold
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