Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work...
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Sleep Tight, Inc., manufactures comforters. The estimated inventories on January for finished goods, work in process, and materials were $ $ and $ respectively. The desired inventories on December for finished goods, work in process, and materials were $$ and $ respectively. Direct materials purchases were $ direct labor was $ for the year, and factory overhead was $ Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget For the Year Ending December Line Item Description Finished goods inventory, January Work in process inventory, January Direct materials: Direct materials, January Direct materials purchases Cost of direct materials available for sale Direct materials inventory, December Cost of direct materials placed in production & Direct labor Factory overhead Total manufacturing costs Total work in process during the period Work in process inventory, December Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, December Cost of goods sold Amount Amount Amount $ $ $ $ S 
Sleep Tight, Inc., manufactures comforters. The estimated inventories on January for finished goods, work in process, and materials were $ $ and $ respectively. The desired inventories on December for finished goods, work in process, and materials were $$ and $ respectively. Direct materials purchases were $ direct labor was $ for the year, and factory overhead was $
Prepare a cost of goods sold budget for Sleep Tight, Inc.
Sleep Tight, Inc.
Cost of Goods Sold Budget
For the Year Ending December
Line Item Description
Finished goods inventory, January
Work in process inventory, January
Direct materials:
Direct materials, January
Direct materials purchases
Cost of direct materials available for sale
Direct materials inventory, December
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
Cost of goods manufactured
Cost of finished goods available for sale
Finished goods inventory, December
Cost of goods sold
Amount Amount Amount
$
$
$
$
S
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