Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,300 barrels of oil for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $265,400 for June. Factory overhead was budgeted at $398,100 during June. The inventories on June 1 were estimated to be: Oil $18,600 P1 12,500 P2 10,600 Work in process 15,400 The desired Inventories on June 30 were: Oll P1 $20,400 11,400 10,100 P2 Work in process 15,900 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 For the Month Ending June 30 . Direct matatale Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Direct materials: $