Instructions Cost of Goods Sold Budget The controller of Ming Ware 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 $36,780 $6,130 $145,500 $188,410 Estimated inventory, September 1, 2016 1,240 950 4,250 6,440 Desired inventory, September 30, 2016 1,890 1,070 5,870 8,830 Direct labor cost: Kiln Department Decorating Department Total Total direct labor cost budgeted for September $47,900 $145,700 $193,600 Finished goods inventories: Dish Bowl Figurine Total Estimated inventory, September 1, 2016 $5,780 $3,080 $2,640 $11,500 Desired inventory, September 30, 2016 3,710 2,670 3,290 9,670 Work in process inventories: $3,400 Estimated inventory, September 1, 2016 Desired inventory, September 30, 2016 Budgeted factory overhead costs for September: 1,990 $ 81,900 Indirect factory wages Depreciation of plant and equipment Power and light 14,300 5,200 4,100 Indirect materials Total $105,500 Cost of Goods Sold Budget Use the preceding information to prepare a cost of goods sold budget for September 2016. Enter all amounts as positive numbers. MingWare Ceramics Inc. Cost of Goods Sold Budget For the Month Ending September 30, 2016 Direct materials: Direct labor Less work in process inventory, September 30, 2016