Cost of Goods Sold Budget Delaware Chemical Company uses of te produce two types of plastic products and P2. Delaware budgeted 26.900 barrels of od for purchase in June for $61 per barrel. Direct laboratooted in the chemical process was $180,500 for Jona. Factory overhead w budgeted at $295.400 during one. The inventorius on June 1ere estimated to be ol $12.600 PB 8.500 7.200 Work in process 10.500 The desired Inventories on June 30 W $12.900 PI 7.000 6.900 Work in process 10.800 Use the preceding information to each of goods sold budget for June. For those bones in which you must enter wubtracted or negative numbers are minus sign 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 4