On Cost of Goods Sold Budott Delaware Chemical Company uses all to produce two types of plastic products. P1 and P2. Delaware budgeted 18,400 barrels of all for purchase in Sunt for 71 per barrel. Direct labor bupated in the chemical process was $154,200 for good. Factory overhead was budgeted 3231,300 curing June. The inventories on June 1 were estimated to be $10.800 PI 7.200 6.200 work in proces 1.900 The desiredientes on ne 30 were or P2 $11,900 8 E 6,600 P2 5.900 wory pro 9,105 Use the preceding information to prepare a cost of goods sold budget for lune. For one in which you must enter subtracted or negative numbers to 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 processinventory June 1 Direct materials: Direct materials inventory June 1 Direct materials purchases Cost of direct materials available for use Direct materials inventory Ing. 30 Cost of direct materials placed in production Direct labor Factory overhead Total manufacturing costs QIDIRI 100 Opod 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.une 10 Cost of goods sold