Question
Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 16,900 barrels of
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 16,900 barrels of oil for purchase in June for $63 per barrel. Direct labor budgeted in the chemical process was $117,100 for June. Factory overhead was budgeted at $191,600 during June. The inventories on June 1 were estimated to be:
| Oil | $8,200 |
| P1 | 5,500 |
| P2 | 4,700 |
| Work in process | 6,800 |
The desired inventories on June 30 were:
| Oil | $9,000 |
| P1 | 5,000 |
| P2 | 4,400 |
| Work in process | 7,000 |
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: | |||
| $ | |||
| $ | |||
| $ | |||
| $ | |||
| $ | |||
| $ | |||
| $ | |||
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Azure Security For Critical Workloads Implementing Modern Security Controls For Authentication Authorization And Auditing
Authors: Sagar Lad
1st Edition
1484289358, 978-1484289358
