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please include steps Delaware Chemical Company uses oil to produce...

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Accounting

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Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 30,300 barrels of oil for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $243,300 for June. Factory overhead was budgeted at $398,100 during June. The inventories on June 1 were estimated to be: The desired inventories on June 30 were: 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 proceding 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

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