Cost of Goods Sold Budget The controller of Ming Ware Ceramics Inc. wants 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 $39,960 $3,390 $155,840 $204,190 Estimated Inventory, September 1 2,010 4,820 3,040 14,870 Desired Inventory, September 30 2.630 2,390 6,310 11.330 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $41,510 $120,380 $161,390 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $5.010 $3,430 $2,020 Desired Inventory, September 30 3.850 4,750 4,510 13.110 Work in process inventories: Estimated inventory, September 1 53,670 Desired inventory, September 30 2.040 Budgeted factory overhead costs for September Indirect factory wages 583.000 Depreciation of plant and equipment 14,000 Povrer and light Indirect materials 380 Previous Next SOM preceding Information to prepare a cost of goods sold budget for September MingWare Ceramics Inc. Cost of Goods Sold Budget For the Month Ending September 30 Direct materials: Q Direct labor Less work in process inventory, September 30