The controller of Swiss Ceramics Inc. wishes to prepare a cost of goods sold budget for June.
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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.
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Direct materials: Total direct materials purchases budgeted for June $33,840 Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 Paint Porcelain Enamel Total $158,160 $5,340 2,800 2,050 $118,980 1,150 2,400 4,330 8,280 10,450 6,000 Decorating Department Direct labor cost: Kiln Department Total Total direct labor cost budgeted for June $41,600 $142,400 $184,000 Finished goods inventories: Bowl Dish Figurine Total $ 9,500 11,090 Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 Work in process inventories: Estimated inventory, June 1, 2010 Desired inventory, June 30, 2010 Budgeted factory overhead costs for June: Indirect factory wages Depreciation of plant and equipment Power and light $2,970 4,150 $2,470 $4,060 3,350 3,590 $ 2,800 1,880 $64,900 12,600 4,900 3,700 Indirect materials Total $86,100
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