Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cost of goods sold budget delaware chemical compan

Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of...

70.2K

Verified Solution

Question

Accounting

image
image
Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 18,000 barrels of oil for purchase in June for $69 per barrel. Direct labor budgeted in the chemical process was $161,500 for June. Factory overhead was budgeted at $223,600 during June. The inventories on June 1 were estimated to be: Oil P1 P2 Work in process The desired inventories on June 30 were $11,300 7,600 6,500 9,400 Oil P1 P2 Work in process $12,400 6,900 6,100 9,700 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. Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Finished goods inventory, June 1 Work in process inventory, June 1 Direct materials: Direct materials inventory, June 1 Direct materials purchases Cost of direct materials available for use Direct materials inventory, June 30 Check My Work Previous Next Assignment Score: 65.78% Email Instructor Save and Exit Submit t for Grading

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

7 1 point Use a calculator to approximate each value t 89 9 434 9...

Geometry
1.2K views

Question 9 1 point Given mFD 140 and mC 52 determine the measure of the...

Psychology
1.2K views

Are whistle-blowers a friend or foe to an organization? Explain your answer. An individual speaks up...

Advance Math
1.2K views

inbound taxation questions True / False Questions Service revenue is sourced based on the location in which...

General Management
1.2K views

discuss the following questions about Current Marketing Trends & Predictions for 2020/2021 You Should Be Thinking...

Biology
1.2K views

A B Nematodes have a complete digestive system that runs through their body The mouth...

Physics
1.2K views

please make me understand I am not getting understand Please explain in detail so that...

Basic Math
1.2K views

a 7C b 7P2 a 7C 21 Simplify your answer b 7P2 Simplify your answer

Basic Math
1.2K views

A simple random sample of 16 bicycle helmets had a mean price of x-$38.12. It...

Calculus
1.2K views

1 point For the system of differential equations x t x y 2xy 20 y...

Calculus
1.2K views

Find the producers surplus at a price level of p 58 for the price supply...

Accounting
1.2K views

Check my wol Stilicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two...