Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 17,100 barrels of oil for purchase in June for $62 per barrel. Direct labor budgeted in the chemical process was $127,200 for June. Factory overhead was budgeted at $190,800 during June. The inventories on June 1 were estimated to be:

Oil	$8,900
P1	6,000
P2	5,100
Work in process	7,400

The desired inventories on June 30 were:

Oil	$9,800
P1	5,500
P2	4,800
Work in process	7,600

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			$