Cost of Goods Sold Budget The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold budget for April. 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 April $29,710 $6,240 $115,870 $151,820 Estimated inventory, April 1 2,740 6,580 10,960 20,280 Desired inventory, April 30 3,180 2,890 7,630 13,700 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for April $43,950 $127,460 $171,410 Budgeted factory overhead costs for April: Indirect factory wages $76,600 Depreciation of plant and equipment 12,440 Power and light 6,170 Indirect materials 3,390 Total $98,600 Work in process inventories: Estimated inventory, April 1 $3,640 Work in process inventories: Estimated inventory, April 1 $3,640 Desired inventory, April 30 2,030 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, April 1 $5,960 $3,400 $2,800 $12,160 Desired inventory, April 30 3,810 4,710 4,470 12,990 Use the preceding information to prepare a cost of goods sold budget for April. PUEBLO CERAMICS INC. Cost of Goods Sold Budget For the Month Ending April 30 Finished goods inventory, April 1 Direct materials: Cost of direct materials available for use 44 $ Cost of direct materials placed in production $ Cost of direct materials available for use $1 Cost of direct materials placed in production Total manufacturing costs Total work in process during the period Cost of goods manufactured Cost of finished goods available for sale Cost of goods sold $