Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 23,200 barrels of oil for purchase in June for $69 per barrel. Direct labor budgeted in the chemical process was $192,100 for June. Factory overhead was budgeted at $288,100 during June. The inventories on June 1 were estimated to be: Oil $13,400 P1 9,000 P2 7,700 Work in process 11,100 The desired inventories on June 30 were: Oil $14,800 P1 8,300 P2 7,300 Work in process 11,500 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 $- Select - $- Select - Direct materials: $- Select - - Select - $- Select - - Select - $- Select - - Select - - Select - - Select - $- Select - - Select - - Select - $- Select - $- Select - $- Select -

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 23,200 barrels of oil for purchase in June for $69 per barrel. Direct labor budgeted in the chemical process was $192,100 for June. Factory overhead was budgeted at $288,100 during June. The inventories on June 1 were estimated to be: Oil $13,400 P1 9,000 P2 7,700 Work in process 11,100 The desired inventories on June 30 were: Oil $14,800 P1 8,300 P2 7,300 Work in process 11,500 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 Direct materials: 1 |