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The controller of Dross Ceramics Inc. is preparing a cost of goods sold budget for April. The controller assembled the following information for the cost

The controller of Dross Ceramics Inc. is preparing a cost of goods sold budget for April. The controller assembled the following information for the cost of goods sold budget:

Direct materials: Enamel Paint Porcelain Total
Total direct materials purchases budgeted for April $17,500 $3,000 $70,000 $90,500
Estimated inventory, April 1 1,500 375 4,625 6,500
Desired inventory, April 30 1,600 500 5,400 7,500
Direct labor cost: Kiln Department Decorating Department Total
Total direct labor cost budgeted for April $19,000 $81,000 $100,000
Indirect factory wages $35,750
Depreciation of plant and equipment 9,500
Power and light 6,150
Indirect materials 2,100
Total $53,500
Estimated inventory, April 1 $5,700
Desired inventory, April 30 4,750
Finished goods inventories: Dish Bowl Figurine Total
Estimated inventory, April 1 $2,250 $1,500 $1,250 $5,000
Desired inventory, April 30 2,000 375 625 3,000

Use the preceding information to prepare a cost of goods sold budget for April.

Line Item Description Amount Amount Amount
Finished goods inventory, April 1 $Finished goods inventory, April 1
Direct laborFinished Goods inventory, April 1Selling and administrative expenseWork-in-process inventory, April 1Work-in-process inventory, April 30Work-in-process inventory, April 1 $Work-in-process inventory, April 1
Direct materials:
Direct materials inventory, April 1Direct materials inventory, April 30Factory overheadFinished goods inventory, April 1Finished goods inventory, April 30Direct materials inventory, April 1 $Direct materials inventory, April 1
Direct laborDirect materials inventory, April 1Direct materials purchasesFactory overheadFinished goods inventory, April 30Direct materials purchases Direct materials purchases
Cost of direct materials available for use $Cost of direct materials available for use
Less: Direct materials inventory, April 1Less: Direct materials inventory, April 30Less: Direct materials purchasesPlus: Direct materials inventory, April 1Plus: Direct materials inventory, April 30Less: Direct materials inventory, April 30 Less: Direct materials inventory, April 30
Cost of direct materials placed in production $Cost of direct materials placed in production
Direct laborFinished Goods inventory, April 1Selling and administrative expenseTotal work in process during periodWork-in-process inventory, April 30Direct labor Direct labor
Factory overheadFinished Goods inventory, April 1Selling and administrative expenseTotal work in process during periodWork-in-process inventory, April 30Factory overhead Factory overhead
Total manufacturing costs Total manufacturing costs
Total work in process during the period $Total work in process during the period
Less: Finished goods inventory, April 30Less: Work-in-process inventory, April 1Less: Work-in-process inventory, April 30Plus: Work-in-process inventory, April 1Plus: Work-in-process inventory, April 30Less: Work-in-process inventory, April 30 Less: Work-in-process inventory, April 30
Cost of goods manufactured Cost of goods manufactured
Cost of finished goods available for sale $Cost of finished goods available for sale
Less: Finished goods inventory, April 1Less: Finished goods inventory, April 30Less: Work-in-process inventory, April 30Plus: Finished goods inventory, April 1Plus: Finished goods inventory, April 30Less: Finished goods inventory, April 30 Less: Finished goods inventory, April 30
Cost of goods sold $Cost of goods sold

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