Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 29,100 barrels of oil for purchase in June for $63 per barrel. Direct labor budgeted in the chemical process was $238,300 for June. Factory overhead was budgeted at $330,000 during June. The inventories on June 1 were estimated to be: Oil P1 P2 Work in process $16,700 11,200 9,500 13,800 The desired inventories on June 30 were: 1 P1 P2 $18,300 10,200 9,100 14,300 Work in process 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 19 Work in process inventory, June 1 Direct materials: