Cost of goods sold budget.

Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,200 barrels of oil for purchase in June for $59 per barrel. Direct labor budgeted in the chemical process was $231,600 for June. Factory overhead was budgeted at $320,700 during June. The inventories on June 1 were estimated to be: Oil P1 P2 Work in process $16,200 10,900 9,300 13,400 The desired inventories on June 30 were: Oil P1 P2 Work in process $17,800 10,000 8,800 13,900 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 20.200 Work in process inventory, June 1 v 13.400 ..rect materials: Direct materials inventory, June 1 V 16.2001? Check My Work PreviousNext