Cost of Goods Sold Budget Delavrare Chemical Company uses oil to produce two types of plastic products. P1 and P2. Delaware budgeted 29,600 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in th chemical process was $252,200 for June. Factory overhead was budgeted at $378,300 during June. The inventories on June 1 were estimated to be al $17.700 P1 P2 11,900 10.100 Work in process 14.600 The desired inventories on une 30 were Od $19.400 PI 10.800 9.600 P2 Work in process 15.100 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 Direct materials 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 Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Direct materials