Delanare Chemical Comitany uses oil to groduce two types of plastic products, P1 and 12 . Delaware budgeted 22 , Joo barrets of oll for purchase in June for s76 per barrel. Direct labor budgeted in the chemical procoss was 3203,400 for June. Factory overhead was budgeted at $305,100 duting June. The inventories on June t were estimated to be: The desired inventories on Jurve 70 were: Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30= Cost of goods sold