Wilmington Chemical Company uses oil to produce two types of plastic products, P1 and P2. Wilmington budgeted 23,500 barrels of oil for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $205,900 for June. Factory overhead was budgeted $308,800 during June. The inventories on June 1 were estimated to be:

Oil	$14,400
P1	9,700
P2	8,200
Work in process	11,900

The desired inventories on June 30 were:

Oil	$15,900
P1	8,900
P2	7,800
Work in process	12,400

Use the preceding information to prepare a cost of goods sold budget for June