Oil Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 20,100 barrels of oil for purchase in June for $75 per barrel. Direct labor budgeted in the chemical process was $165,800 for June. Factory overhead was budgeted at $271,400 during June. The inventories on June 1 were estimated to be: $11,600 7,800 6,600 Work in process 9,600 The desired inventories on June 30 were: Oil $12,800 7,100 P2 6,300 Work in process 9,900 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