Cost of goods sold budget
Delaware Chemical Company uses oil to produce two types of plastic products, P and P Delaware budgeted barrels of oil for purchase in June for $ per barrel. D labor budgeted in the chemical process was $ for June. Factory overhead was budgeted at $ during June. The inventories on June were estimated to be:
Oil
$
P
P
Work in process
The desired inventories on June were:
Oil
$
P
P
Work in process
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
tableLine Item Description,Amount,Amount,AmountFinished goods inventory, June x
Direct materials:
