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Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P 1 and P 2 . Delaware budgeted
Cost of Goods Sold Budget
Delaware Chemical Company uses oil to produce two types of plastic products, P and P Delaware budgeted barrels of oil for purchase in June for $ per barrel. Direct labor budgeted in the chemical process was $ for June. Factory overhead was budgeted at $ during June. The inventories on June were estimated to be:
Oil $
P
P
Work in process
The desired inventories on June were:
Oil $
P
P
Work in process
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.
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