Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, 91 and 12. Detaware budgeted 25,000 barrels of all for purchase in June for $72 per barrel Direct labor budgeted in the chemical process was $216,000 for sure. Vectory overhead was budgeted at $324,000 during June. The inventories on June 1 were estimated to be Oil $15,100 PI 10,200 P2 8,600 Work in process 12,500 The desired inventories on June 30 were: O $16,600 P1 9,300 P2 8,200 Work in process 13,000 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 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 inse a minus sign. Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Direct materials: 0000