Cost of Goods Sold Budget

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	$41,130		$8,640		$160,410		$210,180
Estimated inventory, September 1	2,700		6,480		10,800		19,980
Desired inventory, September 30	2,830		2,580		6,790		12,200
Direct labor cost:	Kiln Department		Decorating Department				Total
Total direct labor cost budgeted for September	$54,560		$158,220				$212,780
Finished goods inventories:	Dish		Bowl		Figurine		Total
Estimated inventory, September 1	$5,870		$3,350		$2,760		$11,980
Desired inventory, September 30	3,760		4,640		4,400		12,800
Work in process inventories:
Estimated inventory, September 1	$3,580
Desired inventory, September 30	2,000
Budgeted factory overhead costs for September:
Indirect factory wages	$77,900
Depreciation of plant and equipment	14,130
Power and light	4,940
Indirect materials	3,180
Total	100,150

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:
	$
	$
	$
Direct labor
		$
Work in process inventory, September 30
			$
			$