The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold budget for April.
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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:
Use the preceding information to prepare a cost of goods sold budget for April2013.
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Ename Paint Total Direct materials: Total direct materials purchases budgeted for Apri Estimated inventory, April 1, 2013 Desired inventory, April 30, 2013 Porcelain 5,000$6,000 750 3,200 1,000 140,000 9,250 10,800 $181,000 13,000 15,000 3,000 Kiln Department $38,000 Decorating Department Direct labor cost: Total Total direct labor cost budgeted for April 162,000 $200,000 Finished goods inventories: Estimated inventory, April 1, 2013 Desired inventory, April 30, 2013 Work in process inventories: Dish Bow Figurine Total $4,500 $3,000 2,500 10,000 6,000 4,000 750 1,250 Estimated inventory, April 1, 2013 Desired inventory, April 30, 2013 11,400 9,500 Budgeted factory overhead costs for April: Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials 71,500 19,000 12,300 4,200 107,000 Total
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