Cost of Goods Sold Budget

The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold budget:

Direct materials:	Enamel		Paint		Porcelain		Total
Total direct materials purchases budgeted for September	$36,780		$6,130		$145,500		$188,410
Estimated inventory, September 1	1,240		950		4,250		6,440
Desired inventory, September 30	1,890		1,070		5,870		8,830
Direct labor cost:	Kiln Department		Decorating Department				Total
Total direct labor cost budgeted for September	$47,900		$145,700				$193,600
Finished goods inventories:	Dish		Bowl		Figurine		Total
Estimated inventory, September 1	$5,780		$3,080		$2,640		$11,500
Desired inventory, September 30	3,710		2,670		3,290		9,670
Work in process inventories:
Estimated inventory, September 1	$3,400
Desired inventory, September 30	1,990
Budgeted factory overhead costs for September:
Indirect factory wages	$ 81,900
Depreciation of plant and equipment	14,300
Power and light	5,200
Indirect materials	4,100
Total	$105,500

Use the preceding information to prepare a cost of goods sold budget for September. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

eBook Calculator Cost of Goods Sold Budget The controller of Ming Ware Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold budget: Direct materials: Enamel Paint Porcelain Total Total direct materials purchases budgeted for September $36,780 $6,130 $145,500 $183,410 Estimated inventory, September 1 1,240 950 4.250 6,440 Desired inventory, September 30 1,890 1,070 5,870 8,830 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $47.900 $145,700 $193,600 Finished goods inventories Dish Bowl Figurine Total Estimated Inventory, September 1 $5,780 $3,080 $2.540 $11,500 Desired Inventory, September 30 3,710 2,670 3,290 9,670 Work in process inventories: Estimated Inventory, September 1 $3,400 Desired Inventory, September 30 1.000 Budgeted factory overhead costs for September Indirect factory wages $ 31,900 Depreciation of plant and equipment 14,300 Power and light 5.200 Type here to search 10:45 PM 2020