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: Enamel Paint Porcelain Total $33,060 $6,940 $128,930 $168,930 Total direct materials purchases budgeted for September Estimated inventory, September 1 2,280 5,470 9,120 16,870 Desired inventory, September 30 2,780 2,530 6,670 11,980 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $42,010 $121,830 $163,840 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $5,570 $3,170 $2,620 $11,360 Desired inventory, September 30 3,560 4,400 4,180 12,140 Work in process inventories: Estimated inventory, September 1 $3,400 1,890 Desired inventory, September 30 Budgeted factory overhead costs for September: Indirect factory wages $77,100 Depreciation of plant and equipment 11,390 Power and light 5,990 Indirect materials 3,290 Total 97,770 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