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Cost of goods sold budget Delaware Chemical Company uses oil to produce two...

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Accounting

Cost of goods sold budget
Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 18,200 barrels of oil for purchase in June for $62 per barrel. D labor budgeted in the chemical process was $135,400 for June. Factory overhead was budgeted at $203,100 during June. The inventories on June 1 were estimated to be:
Oil
$9,500
P1
6,400
P2
5,400
Work in process
7,900
The desired inventories on June 30 were:
Oil
$10,400
P1
5,800
P2
5,100
Work in process
8,100
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
\table[[Line Item Description,Amount,Amount,Amount],[Finished goods inventory, June 1*,,,x]]
Direct materials:
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