The controller of Moravian Ceramics Inc. wishes to prepare a cost of goods sold budget for April. 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 April 32450 4730 114240 151420
Estimated inventory, April 1st, 2008 1150 2800 4330 8280
Desired inventory, April 30, 2008 2500 2050 6000 10550
Direct Labor Cost: Kiln Dept. Decorating Dept. Total
Total direct labor cost budgeted for April 37500 134400 171900
Finished goods inventories: Dish Bowl Figurine Total
Estimated inventory, Apr. 1, 2008 4280 2970 2470 9720
Desired inventory, April 30th, 2008 3350 4150 3700 11200
Work in process inventories:
Estimated inventory, April 1, 2008 2800
Desired inventory, Apr 1, 2008 1750
Budgeted Factory overhead costs for April:
Indirect factory wages 55500
Depreciation of plant and equipment 12600
Power and light 4900
Indirect materials 3700
Total 76700
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Instructions:
Use the preceding information to prepare a cost of goods sold budget for April 2008