The controller of Moravian Ceramics Inc. wishes to prepare a cost of goods sold budget for April.
Question:
Use the preceding information to prepare a cost of goods sold budget for April2008.
Transcribed Image Text:
Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for Apri 32,450 $4,730 114,240 $151,420 Estimated inventory, April 1, 2008 Desired iventory, April 30, 2008 1,150 2,800 2,500 2,050 4,330 6,000 8,280 10,550 Kiln Decorating Department $134,400 Direct labor cost: Total direct labor cost budgeted for April Finished goods inventories: Estimated inventory, April 1, 2008 Department Total $171,900 Total $37,500 Dish Bowl Figurine $4,280 $2,970 2,470 $ 9,720 Desired inventory, April 30, 2008 3,350 4,150 3,700 11,200 Work in process inventories: Estimated inventory, April 1, 2008 Desired inventory, April 30, 2008 $2,800 1,750 Budgeted factory overhead costs for April Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials $55,500 12,600 4,900 3,700 76,700 Total
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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