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 c Direct materials: Total direct materials purchases budgeted for April Estimated inventory, April 1 Desired inventory, April 30 Direct labor cost: Total direct labor cost budgeted for April Budgeted factory overhead costs for April: the cost of goods sold budget: Enamel S30,380 2,070 3,360 Porcelain 5118,490 8,280 8,060 Paint Total $6,380 4,970 3,060 $155,240 15,320 14,480 tal g Department To $42,700 $123,830 $166,530 Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials 580,500 11,530 5,010 3,180 $100,220 Total Work in processi Estimated inventory, April 1 Desired inventory, April 30 Finished goods inventories: Estimated inventory, April 1 Desired inventory, April 30 $3,560 1,990 Dish $5,840 3,740 Bowl $3,330 4,610 Figurine $2,740 4,380 Total $11,910 12,730 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 Work in process i Direct materials: Direct materials inventory, April 1 Direct materials purchases Cost of direct materials available for use Less: Direct materials inventory, April 30 Cost of direct materials placed in production Direct labor Total manufacturing costs Total work in process during the Less: Work in period inventory, April 30 Cost of goods manufactured Cost of finished goods available for sale Less: Finished goods inventory, April 30 Cost of goods sold