Solution-Prepare a cost of goods sold budget for april

Prepare a cost of goods sold budget for april

Reference no: EM131793596

Question - The controller of Moravian Ceramics Inc. wishes to prepare a Cost of Goods Sold Budget for April. The controller assembled the following info. For constructing the Cost of Goods Sold Budget:

Direct Materials: Enamel Paint Porcelain Total

Total DM Purchases Budgeted for April $32,450 $4,730 $114,240 $151,420

Estimated Inventory, April 1, 2008 1,150 2,800 4,330 8,280

Desired Inventory, April 30, 2008 2,500 2,050 6,000 10,550

Direct Labor Cost: Kiln Dept. Deco. Dept. Total

Total DL Cost Budgeted for April $37,500 $134,400 $171,900

Finished Goods Inventories: Dish Bowl Figurine Total

Est. Inventory, April 1, 2008 $4,280 $2,970 $2,470 $9,720

Desired Inventory, April 30, 2008 3,350 4,150 3,700 11,200

Work In Progress Inventories:

Est. Inventory, April 1, 2008 $2,800

Desired Inventory, April 30, 2008 1,750

Budgeted Factory Overhead Costs for April:

Indirect Factory Wages $55,500

Depreciation of Plant &Equipment 12,600

Power &Light 4,900

Indirect Materials 3,700

Total $76,700

Use the preceding info. to prepare a Cost Of Goods Sold Budget for April 2008.

Reference no: EM131793596

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Prepare a cost of goods sold budget for april

Reference no: EM131793596

Reference no: EM131793596

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