Coot of Goods sold Budjet Delaware Chemical Company uves oll to profuce two types of plaxtic produds. 91 and D2. Delaware budgeted 29,400 barrets of oll for purchase in June for $60 per barrel. Direct labor budgeted in the chervical process was 5220,300 for June. Factory overhead was tudgeted at $317, soo during jurie. The inventonies on June 1 were estimated to be: The desbed inventoties of Jure 30 veret 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