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 1 for finished goods, work in process, and materials were $37,000,$30,000, and $28,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $46,000,$38,000, and $21,000, respectively. Direct materials purchases were $580,000, direct labor was $211,000 for the year, and factory overhead was $140,000
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