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PLEASE ANSWER ASAP WILL GIVE GOOD RATING Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,700

PLEASE ANSWER ASAP WILL GIVE GOOD RATINGimage text in transcribedimage text in transcribed

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,700 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $261,600 for June. Factory overhead was budgeted at $392,300 during June. The inventories on June 1 were estimated to be: Oil $18,300 P1 12,300 P2 10,500 Work in process 15,200 The desired inventories on June 30 were: Oil $20,100 P1 11,200 P2 9,900 Work in process 15,700 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 For the Month Ending June 30 Direct materials: $

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