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The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing
The controller of MingWare 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 $ $ $ $
Estimated inventory, September
Desired inventory, September
Direct labor cost: Kiln Department Decorating Department Total
Total direct labor cost budgeted for September $ $ $
Finished goods inventories: Dish Bowl Figurine Total
Estimated inventory, September $ $ $ $
Desired inventory, September
Work in process inventories:
Estimated inventory, September $
Desired inventory, September
Budgeted factory overhead costs for September:
Indirect factory wages $
Depreciation of plant and equipment
Power and light
Indirect materials
Total
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 minus sign.
MingWare Ceramics Inc.
Cost of Goods Sold Budget
For the Month Ending September
$ Select
$ Select
Direct materials:
$ Select
Select
$ Select
Select
$ Select
Direct labor fill in the blank
Select
Select
$ Select
Work in process inventory, September fill in the blank
Select
$ Select
Select
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