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disregard the answers already in the box, im not sure if theyre right! thanks The controller of Ming Ware Ceramics Inc. wishes to prepare a
disregard the answers already in the box, im not sure if theyre right! thanks
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 $38,760 $8,140 $151,160 $198,060 Estimated inventory, September 1 1,260 3,020 5,040 9,320 Desired inventory, September 30 2,570 2,340 6,170 11,080 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $53,130 $154,080 $207,210 Finished goods inventories: Dish Bowl Figurine Total Estimated Inventory, September 1 $6,050 $3,450 $2,840 $12,340 Desired Inventory, September 30 3,870 4,780 4,540 13,190 Work in process inventories: Estimated Inventory, September 1 $3,690 Desired Inventory, September 30 2,060 Budgeted factory overhead costs for September Indirect factory wages $75,300 Depreciation of plant and equipment 14,770 Power and light 5,850 Indirect materials 3,240 Total 99,160 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 Use the preceding information to prepare a cost of goods sold budget for September. For those boxes in which you must enter subtracted or minus sign MingWare Ceramics Inc. Cost of Goods Sold Budget For the Month Ending September 30 Finished goods inventory, September 1 12,340 Work in process inventory, September 1 3,690 Direct materials: Direct materials inventory, September 1 9,320 Direct materials purchases 198,060 Cost of direct materials available for use 207,380 Direct materials inventory, September 30 Cost of direct materials placed in production Direct labor 207.210 Factory overhead Total manufacturing costs Total work in process during the period Work in process inventory, September 30 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, September 30 Cost of goods sold buio Step by Step Solution
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