Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 18,000 barrels of oil for purchase in June for $61 per barrel. Direct labor budgeted in the chemical process was $120,800 for June. Factory overhead was budgeted at $197,600 during June. The inventories on June 1 were estimated to be: Oil P1 P2 Work in process $8,500 5,700 4,800 7,000 The desired inventories on June 30 were: Oil $9,300 P1 5,200 P2 4,600 Work in process 7,200