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- **Enamel** - Total direct materials purchases budgeted for September: $38,510 - Estimated inventory, September 1: $1,310 - Desired inventory, September 30: $2,520- **Paint** - Total direct materials purchases budgeted for September: $8,090 - Estimated inventory, September 1: $3,140 - Desired inventory, September 30: $2,290- **Porcelain** - Total direct materials purchases budgeted for September: $150,190 - Estimated inventory, September 1: $5,240 - Desired inventory, September 30: $6,050- **Total Direct Materials**: $196,790 - Estimated inventory, September 1: $9,690 - Desired inventory, September 30: $10,860### Direct Labor Cost- **Kiln Department**: Total direct labor cost budgeted for September: $53,460- **Decorating Department**: $155,030- **Total Direct Labor Cost**: $208,490### Finished Goods Inventories- **Dish** - Estimated inventory, September 1: $6,200 - Desired inventory, September 30: $3,970- **Bowl** - Estimated inventory, September 1: $3,530 - Desired inventory, September 30: $4,900- **Figurine** - Estimated inventory, September 1: $2,910 - Desired inventory, September 30: $4,650- **Total Finished Goods**: - Estimated inventory, September 1: $12,640 - Desired inventory, September 30: $13,520### Work in Process Inventories- Estimated inventory, September 1: $3,780- Desired inventory, September 30: $2,110### Budgeted Factory Overhead Costs for September- Indirect factory wages: $75,300- Depreciation of plant and equipment: $10,560- Power and light: $5,190- Indirect materials

SOLUTION- COST OF GOOD SOLD- IT REFERS THE DIRECT COST OF PRODUCING THE GOODS SOLD BY A COMPANY.COST OF GOOD SOLD BUDGET- FINISHED GOODS INVENTORY ON SEP 1 12640 WORK IN PROCESS INVENTORY ON SEP 1 3780 DIRECT MATERIALS: DIRECT MATERIAL INVENTORY ON SEP 1 9690 ADD- DIRECT MATERIAL PURCHASE 196790 DIRECT MATERIAL AVAILABLE FOR SALE 206480 LESS-DIRECT MATERIAL INVENTORY ON SEP 30 -10860 COST OF DIRECT MATERIAL USED 195620 DIRECT LABOR COST 208490 FACTORY OVERHEAD COST 94500 TOTAL MANUFACTURING COSTS 498610 TOTAL WORK IN PROCESS DURING THE PERIOD 502390 LESS- WORK IN PROCESS INVENTORY ON SEP 30 -2110 COST OF GOODS MANUFACTURED 500280 COST OF FINISHED GOODS AVAILABLE FOR USE 512920 LESS- FINISHED GOODS INVENTORY ON SEP 30 -13520 COST OF GOOD SOLD 499400