Use the preceding information to prepare a cost of goods

Question

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 1^st, 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 30^th, 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

                                                                                          ______

Instructions:

Use the preceding information to prepare a cost of goods sold budget for April 2008