Cost of Goods Sold Budget The controller of MingWare 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: Total direct materials purchases budgeted for September Estimated inventory, September 1 Desired inventory, September Direct labor cost: Total direct labor cost budgeted for September Finished goods inventories: Estimated inventory, September 1 Desired inventory, September 30 Work in process inventories: 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 Enamel Paint Porcelain $28,400 1,450 2,900 Total $110,760 $145,120 10,730 12,500 $5,960 3,480 2,640 Decorating Department Total 5,800 30 6,960 Kiln Department $143,350 $192,780 Total $10,990 11,750 $49,430 Bowl $3,070 4,260 Dish Figurine $2,530 4,040 $5,390 3,450 $3,290 1,830 $82,700 14,040 5,250 3,240 Total 105,230 Use the 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: Direct labor Less work in process inventory, September 30