Warmfeet manufactures comforters. Assume the estimated inventories on January 1, 2012, for finished goods, work in process, and materials were $39,000, $33,000 and $27,000 respectively. Also assume the desired inventories on December 31, 2012, for finished goods, work in process, and materials were $42,000, $35,000 and $21,000 respectively. Direct material purchases were $575,000. Direct labor was $212,000 for the year. Factory overhead was $156,000. Prepare a cost of goods sold budget for Warmfeet, Inc.

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The Answer of Warmfeet manufactures comforters. Assume the estimated inventories on January 1, 2012, for finished goods, work in process, and materials were $39,000, $33,000 and $27,000 respectively. Also assume the desired inventories on December 31, 2012, for finished goods, work in process, and materials were $42,000, $35,000 and $21,000 respectively. Direct material purchases were $575,000. Direct labor was $212,000 for the year. Factory overhead was $156,000. Prepare a cost of goods sold budget for Warmfeet, Inc.

Warmfeet Manufactures Comforters