Cost of Goods Sold Budget The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold budget for April. The controller assembled the following information for constructing the cost of goods sold budget: Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for April $36,910 $7,750 $143,950 $188,610 Estimated inventory, April 1 1,360 3,260 5,440 10,060 Desired inventory, April 30 3,430 3,120 8,230 14,780 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for April $47,540 $137,870 $185,410 Budgeted factory overhead costs for April: Indirect factory wages $75,300 Depreciation of plant and equipment 11,900 Power and light 4,990 Indirect materials 3,250 Total $95,440 Work in process inventories: Estimated inventory, April 1 $3,270 Desired inventory, April 30 1,820 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, April 1 $5,360 $3,060 $2,520 $10,940 Desired inventory, April 30 3,430 4,230 4,020 11,68

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 4E: Prepare a cost of goods sold budget for the Crest Hills Manufacturing Co. for the year ended...

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Cost of Goods Sold Budget

The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold budget for April. The controller assembled the following information for constructing the cost of goods sold budget:

Direct materials:	Enamel	Paint	Porcelain	Total
Total direct materials purchases budgeted for April	$36,910		$7,750		$143,950	$188,610
Estimated inventory, April 1	1,360		3,260		5,440	10,060
Desired inventory, April 30	3,430		3,120		8,230	14,780
Direct labor cost:	Kiln Department	Decorating Department	Total
Total direct labor cost budgeted for April	$47,540	$137,870	$185,410
Budgeted factory overhead costs for April:
Indirect factory wages	$75,300
Depreciation of plant and equipment	11,900
Power and light	4,990
Indirect materials	3,250
Total	$95,440
Work in process inventories:
Estimated inventory, April 1	$3,270
Desired inventory, April 30	1,820
Finished goods inventories:	Dish	Bowl	Figurine	Total
Estimated inventory, April 1	$5,360		$3,060		$2,520	$10,940
Desired inventory, April 30	3,430		4,230		4,020	11,680