Please correct Solution with Explanation and do not give image format The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controllerassembled the following information for constructing the cost of goods sold budget:Direct materials:PaintPorcelain TotalTotal direct materials purchasesbudgeted for SeptemberEstimated inventory, September 12,300Desired inventory, September 302,790Direct labor cost:Total direct labor cost budgetedfor SeptemberFinished goods inventories:Estimated inventory, September 1Desired inventory, September 30Work in process inventories:Estimated inventory, September 1Desired inventory, September 30Budgeted factory overhead costsfor September:Indirect factory wagesDepreciation of plant andequipmentPower and lightIndirect materialsTotalEnamel$39,100KilnDepartment$48,330Dish$6,1703,950$3,7602,100$74,60014,3505,8003,18097,930DecoratingDepartment$140,160Bowl$8,2105,5202,540Total$188,490Figurine Total$3,5204,870$152,4909,2006,700$2,9004,630$199,80017,02012,030$12,59013,450 Use the preceding information to prepare a cost of goods sold budget for September. For those boxes in which you mustenter subtracted or negative numbers use a minus sign.Cost of direct materials available for useDirect laborFactory overhead Finishedgoods inventory, September 1Total work in process during periodCost of direct materials available for useDirect laborFactory overhead Total work inprocess during periodWork in process inventory, September 1Direct materials:Cost of direct materials available for useDirect laborDirect materials inventory,September 1Direct materials inventory, September 30Total work in process duringperiodCost of direct materials available for useDirect laborDirect materialspurchasesFinished goods inventory, September 30Total work in process duringperiodCost of direct materials available for useCost of finished goods available forsaleCost of goods manufactured Cost of goods sold Total manufacturing costsCost of goods manufactured Direct materials inventory, September 30FactoryoverheadFinished goods inventory, September 1Total work in process duringperiodCost of direct materials placed in production Cost of goods soldFactoryoverhead Finished goods inventory, September 1Finished goods inventory,September 30Direct laborDirect materials inventory, September 1Direct materials inventory, September30Factory overhead Total work in process during periodWork in process inventory,September 30Cost of direct materials available for useCost of finished goods available forsaleCost of goods manufactured Cost of goods sold Total manufacturing costsCost of direct materials available for useCost of finished goods available forsaleCost of goods manufactured Cost of goods sold Total work in process during theperiodWork in process inventory, September 30Cost of direct materials available for useCost of finished goods available forsaleCost of goods manufacturedCost of goods sold Total work in process during theperiodCost of direct materials available for useCost of finished goods available forsaleCost of goods sold Total work in process during the periodWork in processinventory, September 1Direct laborDirect materials inventory, September 30Factory overheadFinishedgoods inventory, September 30Work in process inventory, September 30Cost of direct materials available for useCost of finished goods available forsaleCost of goods manufactured Cost of goods sold Total work in process during theperiod$- Select -- Select -$- Select -- Select -$- Select -fill in theblank 15- Select -$- Select -- Select -$- Select -fill in theblank 22$-Select -- Select$-Select -- Select$-Select -

The budgeted cost of goods sold statement shows the total cost to be incurred in manufacturing and…

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 $39,100 Estimated inventory, September 1 Desired inventory, September 30 Direct labor cost: Total direct labor cost budgeted for September Finished goods inventories: Estimated inventory, September 1 Desired inventory, September 30 Work in process inventories: Estimated inventory, September 1 Desired inventory, September 30 Budgeted factory overhead costs for September: Indirect factory wages Depreciation of plant and equipment. Power and light Indirect materials Total 2,300 2,790 Kiln Department $48,330 Dish $6,170 3,950 $3,760 2,100 $74,600 14,350 5,800 3,180 97,930 Decorating Department $140,160 Bowl $8,210 5,520 2,540 Total $188,490 Figurine Total $3,520 4,870 $152,490 $199,800 9,200 6,700 $2,900 4,630 17,020 12,030 $12,590 13,450