purchases were $$575,000,$ direct labor was $$201,000$ for the year, and factory overhead was $$142,000.$

Prepare a cost of goods sold budget for Sleep Tight, Inc.

Sleep Tight, Inc.

Cost of Goods Sold Budget

For the Year Ending December $31$

$\backslash$table$[[$Line Item Description Amount Amount Amount,$],[$Finished goods inventory, January $1,]]$

Work in process inventory, January $1$

Direct materials:

Direct materials, January $1$

Direct materials purchases

Cost of direct materials available for sale

Direct materials inventory, December $31$

Cost of direct materials placed in production :

Direct labor

Factory overhead

Total manufacturing costs

Total work in process during the period

Work in process inventory, December $31$

Cost of goods manufactured $$

Cost of finished aoods available for sale