Calculator Delaware Chemical Company uses ol to produce two types of plastic products, P1 and P2. Delaware budgeted 16,400 barrels of all for purchase in June for $69 per barrel Direct labor budgeted in the chemical process was $124,500 for June. Factory overhead was budgeted at $203,700 during June. The inventories on June 1 were estimated to be 58,700 5,900 5,000 o Work in process 7,200 The desired inventories on June 30 were: $9,600 5,400 4,700 Work in process 7,500 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 Finished goods Inventory, June 1 Work in process inventory, June 1 Direct materials: Direct materials inventory. June 1 Direct materials purchases