Work in process inventories: Estimated inventory, September 1$3,510 Desired inventory, September 30 1,960 Budgeted factory overhead costs for September: Indirect factory wages $79,200 Depreciation of plant and equipment 11,660 Power and light 6,030 Indirect materials 3,280 Total 100,170 Use the preceding information to prepare a cost of goods sold budget for September. For those be in which you must enter subtracted or negative numbers use a minus sign.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 16E
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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 cost of goods sold
budget:
Direct materials enamel
paint
porcelain
total
Total direct
materials
purchases
budgeted for
September
$33,570
$7,050
$130,920
$171,540
Estimated
inventory,
September 1
2,730
6,550
10,920
20,200
Desired
inventory,
September 30
2,500
2.280
6,000
10,780
Decoration
Department
Direct Labor Cost
Kiln Department
Total
Total direct labor
cost budgeted for
September
$53,460
$155,030
$208,490
Finished goods inventories:
Dish
Bowl
Figurine
Total
Estimated inventory, September 1 $5,760
$3,280
$2,710
$11,750
Desired inventory, September 30
3,690
4,550
4,320
12,560
Transcribed Image Text: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 $33,570 $7,050 $130,920 $171,540 Estimated inventory, September 1 2,730 6,550 10,920 20,200 Desired inventory, September 30 2,500 2.280 6,000 10,780 Decoration Department Direct Labor Cost Kiln Department Total Total direct labor cost budgeted for September $53,460 $155,030 $208,490 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $5,760 $3,280 $2,710 $11,750 Desired inventory, September 30 3,690 4,550 4,320 12,560
Work in process inventories:
Estimated inventory, September
1$3,510
Desired inventory, September 30
1,960
Budgeted factory overhead costs for September:
Indirect factory wages
$79,200
Depreciation of plant and equipment
11,660
Power and light
6,030
Indirect materials
3,280
Total
100,170
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.
Transcribed Image Text:Work in process inventories: Estimated inventory, September 1$3,510 Desired inventory, September 30 1,960 Budgeted factory overhead costs for September: Indirect factory wages $79,200 Depreciation of plant and equipment 11,660 Power and light 6,030 Indirect materials 3,280 Total 100,170 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.
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