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Cost of goods sold budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 25,700 barrels of oil for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $206,400 for June. Factory overhead was budgeted at $337,700 during June. The inventories on June 1 were estimated to be: Oil $14,400 9,700 8,300 Work in process 12,000 The desired inventories on June 30 were: $15,900 8,900 7,800 12,400 P1 P2 Oil P1 P2 Work in process Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Line Item Description Amount Amount Amount Direct materials:

Delaware Chemical Company uses oll to produce two types of plastic products, P1 and 72 . Delaware budgeted 25,700 barreis of oll for purchase in June for 573 per barrel. Direct labor budgeted in the chemical process was $206,400 for June. Factory overhead was budgeted at $3$7,700 during June, The inventories on June 1 were estimated to be: The desired inventeries on June 30 were: Use the preceding information to prepare a cost of gopds toid budget for June, for these baxes in which you mist enter suberacted or negative numbers use a minus sion

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