Cost of Goods Sold Budget The controller of Dross Ceramics Inc. is preparing a cost of goods sold budget for April. The controller assembled the following information for the cost of goods sold budget: Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for April $$29,290$ $$6,150$ $$114,230$ $$149,670$ Estimated inventory, April $12,3705,6909,48017,540$ Desired inventory, April $302,5202,2906,05010,860$ Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for April $$53,950$ $$156,460$ $$210,410$ Budgeted factory overhead costs for April: Indirect factory wages $$77,000$ Depreciation of plant and equipment $12,440$ Power and light $5,960$ Indirect materials $3,150$ Total $$98,550$ Work$-$in$-$process inventories: Estimated inventory, April $1$ $$3,760$ Desired inventory, April $302,100$ Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, April $1$ $$6,170$ $$3,520$ $$2,900$ $$12,590$ Desired inventory, April $303,9504,8704,63013,450$ Use the preceding information to prepare a cost of goods sold budget for April. Use the preceding information to prepare a cost of goods sold budget for April. DROSS CERAMICS INC. Cost of Goods Sold Budget For the Month Ending April $30$ Line Item Description Amount Amount Amount Finished goods inventory, April $112,590$ Work$-$in$-$process inventory, April $13,760$ Direct materials: Direct materials inventory, April $117\mathrm{.}540$ Direct materials purchases $149,670$ Cost of direct materials available for use $167,210$ Less: Direct materials inventory, April $3010,860$ Cost of direct materials placed in production $156,350$ Direct labor $210,410$ Factory overhead $98,550$ Total manufacturing costs $465,310$ Total work in process during the period Less: Work$-$in$-$process inventory, April $302\mathrm{.}100$ Cost of goods manufactured Cost of finished goods available for sale Less: Finished goods inventory, April $3013,450$ Cost of goods sold