Universal Chemical Company uses oil to produce two types of plastic products, P1 and P2. Universal budgeted 29,400 barrels of oil for purchase in April for $74 per barrel. Direct labor budgeted in the chemical process was $239,300 for April. Factory overhead was budgeted $391,600 during April. The inventories on April 1 were estimated to be:

Oil	$16,800
P1	11,200
P2	9,600
Work in process	13,900

The desired inventories on April 30 were:

Oil	$18,400
P1	10,300
P2	9,100
Work in process	14,400

Use the preceding information to prepare a cost of goods sold budget for April 2017.

Universal Chemical Company
Cost of Goods Sold Budget
For the Month Ending April 30, 2017
Finished goods inventory, April 1, 2017			$
Work in process inventory, April 1, 2017		$
Direct materials:
Direct materials inventory, April 1, 2017	$
Direct materials purchases
Cost of direct materials available for use	$
Less direct materials inventory, April 30, 2017
Cost of direct materials placed in production	$
Direct labor
Factory overhead
Total manufacturing costs
Total work in process during the period		$
Less work in process inventory, April 30, 2017
Cost of goods manufactured
Cost of finished goods available for sale			$
Less finished goods inventory, April 30, 2017
Cost of goods sold			$