Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 19.300 barrels of oil for purchase in June for $59 per barrel. Direct labor budgeted in the chemical process was $148.000 for June Factory overhead was budgeted at $205,000 during June. The inventories on June 1 were estimated to be Ol $10,400 7,000 PL 12 Work in proce 5,900 5.000 The desired inventories on June 30 were O PL P $11.400 6.400 5,600 8,900 Work in process Use the preceding information to prepare a cost of gods sold budget for Nine For those beses in which you must enter stated or negative numbers Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Direct material 00 Direct materials: 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 10000 1000 000000