The controller of Swiss Ceramics Inc. wishes to prepare a cost of goods sold budget for June.
Question:
The controller of Swiss Ceramics Inc. wishes to prepare a cost of goods sold budget for June. 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 June2010.
Transcribed Image Text:
Enamel Porcelain Direct materials: Paint Total $33,840 $5,340 $118,980 $158,160 8,280 10,450 Total direct materials purchases budgeted for June Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 1,150 2,400 2,800 2,050 4,330 6,000 Kiln Decorating Department Direct labor cost: Department Total $41,600 Total direct labor cost budgeted for June $142,400 $184,000 Figurine Finished goods inventories: Dish Bowl Total $ 9,500 11,090 Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 $4,060 3,350 $2,970 4,150 $2,470 3,590 Work in process inventories: Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 $ 2800 1,890 Budgeted factory overhead costs for June: Indirect factory wages Depreciation of plant and equipment Power and light $64, 900 12,600 4,900 3,700 $86,100 Indirect materials Total
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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