Cost of Goods Sold Budget

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 26,900 barrels of oil for purchase in June for $58 per barrel. Direct labor budgeted in the chemical process was $171,600 for June. Factory overhead was budgeted at $280,800 during June. The inventories on June 1 were estimated to be:

Oil	$12,000
P1	8,100
P2	6,900
Work in process	10,000

The desired inventories on June 30 were:

Oil	$13,200
P1	7,400
P2	6,500
Work in process	10,300

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
			$fill in the blank 2
		$fill in the blank 4
Direct materials:
	$fill in the blank 6
	fill in the blank 8
	$fill in the blank 10
	fill in the blank 12
	$fill in the blank 14
	fill in the blank 16
	fill in the blank 18
		fill in the blank 20
		$fill in the blank 22
		fill in the blank 24
			fill in the blank 26
			$fill in the blank 28
			$fill in the blank 30
			$fill in the blank 32