The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September.
Question:
The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold budget:
Use the preceding information to prepare a cost of goods sold budget for September2014.
Transcribed Image Text:
Direct materials: Total direct materials purchases budgeted for September Estimatedinventory September 1, 2014 Desiredinventory, September 30, 2014 Direct labor cost Total direct labor cost budgeted for June Finished Estimated inventory, September 1, 2014 Desired inventory, September 30, 2014 Work in process inventories: Estimated inventory, Septmbe, 2014 Desired inventory September 30, 2014 Budgeted factory overhead costs for September: Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials Enamel Paint Porcelain Total 36,780 6,130 $145,500 $188,410 1240950 4,250 6440 1,890 10705,870 8830 Decorating Department $145,700 Total $193,600 Total $11,500 Kiln Department $47900 Dish 5,780 3,710 Bowl 3,080 2670 s inventories: Figurine $2,640 3,290 9,670 $3,400 1,990 81,900 14,300 5,200 4,100 $105,500 Total
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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