1. 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	$36,370		$7,640		$141,840		$185,850
   Estimated inventory, September 1	2,510		6,020		10,040		18,570
   Desired inventory, September 30	3,340		3,040		8,020		14,400
   Direct labor cost:	Kiln Department		Decorating Department				Total
   Total direct labor cost budgeted for September	$53,010		$153,730				$206,740
   Finished goods inventories:	Dish		Bowl		Figurine		Total
   Estimated inventory, September 1	$6,150		$3,510		$2,890		$12,550
   Desired inventory, September 30	3,940		4,860		4,610		13,410
   Work in process inventories:
   Estimated inventory, September 1	$3,750
   Desired inventory, September 30	2,090
   Budgeted factory overhead costs for September:
   Indirect factory wages	$75,100
   Depreciation of plant and equipment	14,310
   Power and light	5,090
   Indirect materials	3,310
   Total	97,810

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