Cost of goods sold budget Delaware Chemical Company uses oil to produce two types of plastic products,
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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: The desired inventories on June 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 ers use a minus sign.
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tabletableDelaware Chemical CompanyCost of Goods Sold BudgetFor the Month Ending June tableFinished goods inventory, P and P June Work in process inventory, June Direct materials:Direct materials oil inventory, June Direct materials oil purchasesCost of direct materials available for useDirect materials oil inventory, June Cost of direct materials placed in productionDirect laborFactory ovemeadTotal manufacturing costsTotal work in process during the periodWork in process inventory, June Cost of goods manufacturedCost of finished goods available for saleFinished goods inventory, P and P June Cost of goods sold
EX Cost of goods sold budget
Obj.
Cost of goods sold, $
EXCEL TEMPLATE
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:
table$
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