Delvware Cnemical Company uses dil to produce two types of plastic products, P1 and $2. Delaware budgeted 15,700 barrels of oil for purchase in June for $58 per barrel. Direct labor budgeted in the chemical process was $100,200 for June. Factory overhead was budgeted ot $163,900 during June. 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 geods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign