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9. EX.22.15.ALGO (Algorithmic) Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce...

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9. EX.22.15.ALGO (Algorithmic) Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 22,900 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $178,800 for June. Factory overhead was budgeted at $292,700 during June. The inventories on June 1 were estimated to be: Oil $12,500 P1 8,400 P2 7,200 Work in process 10,400 The desired inventories on June 30 were: Oil $13,800 P1 7,700 P2 6,800 Work in process 10,700 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. 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 $ Direct materials: $ 11. $ $ $ $

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