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 $31,270 $6,570 $121,950 $159,790 Estimated Inventory, September 1 1,650 3,960 6,600 12,210 Desired Inventory, September 30 2,970 2,700 7,130 12,800 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $42,400 $122,960 $165,360 Finished goods Inventories: Dish Bowl Figurine Total Estimated Inventory, September 1 $5,220 $2,980 $2,450 $10,650 Desired Inventory, September 30 3,340 4,120 3,920 11,380 Work in process inventories: $3,180 Estimated Inventory, September 1 Desired Inventory, September 30 Budgeted factory overhead costs for September: 1,770 $77,400 13,600 Indirect factory wages Depreciation of plant and equipment Power and light Indirect materials 4,890 3,150 Total 99,040 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