Delaware Chemical Cormpany uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 23, soo barrels of oa for purchase in June for $69 per barret. Direct labor budgeted in the chemical process was $180,600 for. June. Factory overhead was budgeted at $295,600 during fune. The inventories on June 1 were estimated to be: The desired inventories on June 30 were: Use the preceding information to prepare a cost of goods sold budges for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign