Cost of goods sold budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 15,000 barrels of oil for purchase in June for $75 per barrel. Direct labor budgeted in the chemical process was $146,300 for June. Factory overhead was budgeted at $202,500 during June. The inventories on June 1 were estimated to be: The desired inventories on June 30 were: 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. Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in whic hapter 21 Homework For the Month Ending June 30 Feodbock Theck Mv Work Check My Work Previous