would you please help me with this homewor? thank you. 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:EnamelPaintPorcelainTotalTotal direct materials purchases budgeted for September$38,510$8,090$150,190$196,790Estimated inventory, September 11,3103,1405,2409,690Desired inventory, September 302,5202,2906,05010,860Direct labor cost:Kiln DepartmentDecorating DepartmentTotalTotal direct labor cost budgeted for September$53,460$155,030$208,490Finished goods inventories:DishBowlFigurineTotalEstimated inventory, September 1$6,200$3,530$2,910$12,640Desired inventory, September 303,9704,9004,65013,520Work in process inventories:Estimated inventory, September 1$3,780Desired inventory, September 302,110Budgeted factory overhead costs for September:Indirect factory wages$75,300Depreciation of plant and equipment10,560Power and light5,190Indirect materials3,450Total94,500Use 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.

SOLUTION- COST OF GOOD SOLD- IT REFERS THE DIRECT COST OF PRODUCING THE GOODS SOLD BY A COMPANY.

Answered: The controller of MingWare Ceramics…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 16E

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