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: Enamel Paint Porcelain Total $37,310 $190,660 Direct materials: Total direct materials purchases budgeted for September Estimated Inventory, September 1 Desired Inventory, September 30 Direct labor cost: 2,120 3,170 $7,840 $145,510 5,090 8,480 2,880 7,610 Decorating Department 15,690 13,660 Total Kiln Department $41,910 $121,540 Total direct labor cost budgeted for September Finished goods inventories: $163,450 Total Dish Bowl Figurine Estimated Inventory, September 1 $5,400 $3,080 $2,540 $11,020 11,780 3,460 4,270 4,050 Desired Inventory, September 30 Work in process inventories: Estimated Inventory, September 1 Desired Inventory, September 30 Budgeted factory overhead costs for September: $3,290 1,840 $78,700 Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials 13,930 5,560 3,260 Total 101,450 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