Cost of Goods Sold Budget The controller of Ming Ware 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 $37,400 $7,850 $145,860 $191,110 Estimated Inventory, September 1 2,650 6,360 10,600 19,610 Desired Inventory, September 30 3,440 3,130 8,260 14,830 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $41,900 $121,510 $163,410 Finished goods inventories: Dish Bowl Figurine Total Estimated Inventory, September 1 $5,280 $3,010 $2,480 $10,770 Desired Inventory, September 30 3,960 11,510 Work in process inventories: Estimated Inventory, September 1 $3,220 Desired inventory, September 30 1,800 Budgeted factory overhead costs for September: Indirect factory wages $82,600 11,520 Depreciation of plant and equipment 5,580 Power and light 3,320 Indirect materials 3,380 4,170 1 Work procuSSencor $3,220 1,800 Estimated Inventory, September 1 Desired Inventory, September 30 Budgeted factory overhead costs for September: Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials $82,600 11,520 5,580 3,320 Total 103,020 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 30 Direct materials: Previous Next Cost of Goods Sold Budget For the Month Ending September 30 Direct materials: Direct labor Work in process inventory, September 30