Dream Makers is a small manufacturer of gold and platinum jewelry. It uses a job costing system that applies overhead on the basis of direct labor hours. Budgeted factory overhead for the year was $455,600, and management budgeted 33,500 direct labor-hours. The company had no Materials, Work-in-Process, or Finished Goods Inventory at the beginning of April. These transactions were recorded during April:

1. April insurance cost for the manufacturing property and equipment was $1,800. The premium had been paid in January.
2. Recorded $1,025 depreciation on an administrative asset.
3. Purchased 21 pounds of high-grade polishing materials at $16 per pound (indirect materials). The purchase was on credit.
4. Paid factory utility bill, $6,510, in cash.
5. Incurred 4,000 hours and paid payroll costs of $160,000. Of this amount, 1,000 hours and $20,000 were indirect labor costs.
6. Incurred and paid other factory overhead costs, $6,270.
7. Purchased $24,500 of materials. Direct materials included unpolished semiprecious stones and gold. Indirect materials included supplies and polishing materials. The purchase was on credit.
8. Requisitioned $18,500 of direct materials and $1,600 of indirect materials from Materials Inventory.
9. Incurred and paid miscellaneous selling and administrative expenses, $5,660.
10. Incurred $3,505 depreciation on manufacturing equipment for April.
11. Paid advertising expenses in cash, $2,650.
12. Applied factory overhead to production on the basis of direct labor hours.
13. Completed goods costing $64,000 during the month.
14. Made sales on account in April, $56,410. The Cost of Goods Sold was $47,860.

Required:

1. Prepare a schedule of Cost of Goods Manufactured (including actual overhead breakdown) and a schedule of Cost of Goods Sold