Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,900 barrels of oil for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $293,200 for June. Factory overhead was budgeted at $406,000 during June. The inventories on June 1 were estimated to be:

Oil	$20,500
P1	13,800
P2	11,700
Work in process	17,000

The desired inventories on June 30 were:

Oil	$22,600
P1	12,600
P2	11,100
Work in process	17,600

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 Finished goods inventory, June 1 Work in process inventory, June 1 Direct materials: Direct materials inventory, June 1 Direct materials purchases Cost of direct materials available for use Direct materials inventory, June 30 Cost of direct materials placed in production Direct labor Factory overhead Total manufacturing costs Total work in process during the period Work in process inventory, June 30 Cost of goods manufactured Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold