Wilmington Chemical Company uses oil to produce two types of plastic products, P1 and P2.

Wilmingtonbudgeted15,200 barrels of oil for purchase in June for $70 per barrel. Direct labor budgeted in the chemical process was $138,300 for June. Factory overhead was budgeted $191,500 during June. The inventories on June 1 were estimated to be:

Oil $9,700

P1 6,500

P2 5,500

Work in process 8,000

The desired inventories on June 30 were:

Oil $10,600

P1 5,900

P2 5,300

Work in process 8,300

Use the preceding information, cost of goods sold budget for June.

Wilmington Chemical Company

Cost of Goods Sold Budget

For the Month Ending June 30

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Direct materials:

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