Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 15,600 barrels of oil for purchase in June for $65 per barrel. Direct labor budgeted in the chemical process was $121,700 for June. Factory overhead was budgeted at $182,500 during June. The inventories on June 1 were estimated to be: Oll P1 P2 $8,500 5,700 4,900 7,100 Work in process The desired inventories on June 30 were: Oil P1 P2 Work in process $9,400 5,200 4,600 7,300 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