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 $37,400 $7,850 $145,860 $191,110 Estimated Inventory, September 1 2,650 6,360 10,600 19,610 Desired Inventory, September 30 3,440 3,130 8,260 14,830 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $41,900 $121,510 $163,410 Finished goods inventories: Dish Bowl Figurine Total Estimated Inventory, September 1 $5,280 $3,010 $2,480 $10,770 Desired inventory, September 30 3,380 4,170 3,960 11,510 Work in process inventories: Estimated Inventory, September 1 $3,220 Desired inventory, September 30 1,800 Budgeted factory overhead costs for September: Indirect factory wages $82,600 Depreciation of plant and equipment 11,520 Power and light 5,580 Indirect materials 3,320 4 Indirect materials 3,320 Total 103,020 Use the preceding information to prepare a cost of goods sold budget for September. For those bo minus sign. MingWare Ceramics Inc. Cost of Goods Sold Budget For the Month Ending September 30 Direct materials: bilini Direct labor Work in process inventory, September 30 Cost of Goods Sold Budget For the Month Ending September 30 Direct materials: Direct labor IL Work in process inventory, September 30