E13-12 Cost of goods sold budget The controller of Pueblo Ceramics Inc. wishes to prepare a cost of goods sold for April. The controller assembled the following information for constructing the goods sold budget: s sold budget ing the cost of Paint $6,000 750 1,000 Porcelain $140,000 9,250 10,800 9.250 Total $181,000 13,000 15,000 Direct materials: Enamel Total direct materials purchases budgeted for April $35,000 Estimated inventory, April 1 3,000 Desired inventory, April 30 3,200 Kiln Direct labor cost: Department Total direct labor cost budgeted for April $38,000 Budgeted factory overhead costs for April: Indirect factory wages $ 71,500 Depreciation of plant and equipment 19,000 Power and light 12,300 Indirect materials 4,200 Total $107,000 Decorating Department $162,000 Total $200,000 Work in process inventories: Estimated inventory, April 1 Desired inventory, April 30 $ 11,400 9,500 Finished goods inventories: Estimated inventory, April 1 Desired inventory, April 30 Dish $4,500 4,000 Bowl $3,000 750 Figurine $2,500 1,250 Total $10,000 6,000 Use the preceding information to prepare a cost of goods sold budget for April