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 $29,020 $6,090 $113,180 $148,290 Estimated inventory, September 1 2,450 5,880 9,800 18,130 Desired inventory, September 30 2,580 2,350 6,190 11,120 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $42,340 $122,790 $165,130 Finished goods Inventories: Dish Bowl Figurine Total Estimated inventory, September 1 $3,190 $2,630 $11,410 Desired inventory, September 30 3,580 4,420 4,190 12,190 Work in process inventories: $5,590 $3,410 Estimated inventory, September 1 Desired inventory, September 30 Budgeted factory overhead costs for September: 1,900 Indirect factory wages Depreciation of plant and equipment Power and light $78,300 10,830 5,790 Indirect materials 3,220 Total 98,140 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