15,700 barrels o oll for purchase in June for $75 per barrel. Direct labor budgeted in the chemical process was $141,300 for June. Factory overhead was budgeted at $212,000 during June. The inventories on June 1 were Cost of Goods Sold Budget Delaware Chemical Company uses oll to produce two types of plastic products, PI and P2. Delaware budgeted estimated to be: Oil P1 P2 Work in prooess 8,200 The desired inventories on June 30 were: Oil P1 P2 Work in process 8,500 $9,900 6,600 5,700 $10,900 6,100 5,400 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 une Direct materials 3/27/2018, 8:40 PM f2