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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, P1 and P2. Delaware budgeted 26,300 barrels of oil for purchase in June for $61 per barrel. Direct labor budgeted in the chemical process was $192,500 for June. Factory overhead was budgeted at $288,800 during June. The inventories on June 1 were estimated to be:
\table[[Oil,$13,500
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