Cost of goods sold budget

Delaware Chemical Company uses oil to produce two types of plastic products, P$1$ and P$2.$ Delaware budgeted $18,200$ barrels of oil for purchase in June for $$62$ per barrel. D labor budgeted in the chemical process was $$135,400$ for June. Factory overhead was budgeted at $$203,100$ during June. The inventories on June $1$ were estimated to be:

Oil

$$9,500$

P$1$

$6,400$

P$2$

$5,400$

Work in process

$7,900$

The desired inventories on June $30$ were:

Oil

$$10,400$

P$1$

$5,800$

P$2$

$5,100$

Work in process

$8,100$

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 $30$

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Direct materials: