Wilmington Chemical Company uses oil to produce two types of plastic products, P1 and P2. Wilmington budgeted 29,200 barrels of oil for purchase in June for $64 per barrel. Direct labor budgeted in the chemical process was $205,600 for June. Factory overhead was budgeted $336,400 during June. The inventories on June 1 were estimated to be:

Oil	$14,400
P1	9,700
P2	8,200
Work in process	11,900

The desired inventories on June 30 were:

Oil	$15,800
P1	8,800
P2	7,800
Work in process	12,300

Use the preceding information to prepare a cost of goods sold budget for June.

Wilmington Chemical Company Cost of Goods Sold Budget For the Month Ending June 30

Cost of direct materials available for useDirect laborFactory overheadFinished goods inventory, June 1Total work in process during period			$- Select -
Direct laborFactory overheadWork in process inventory, June 1Work in process inventory, June 30Total work in process during period		$- Select -
Direct materials:
Cost of direct materials available for useDirect laborDirect materials inventory, June 1Direct materials inventory, June 30Total work in process during period	$- Select -
Cost of goods soldDirect laborDirect materials purchasesFinished goods inventory, June 30Total work in process during period	- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods manufacturedCost of goods soldTotal manufacturing costs	$- Select -
Less direct laborLess direct materials inventory, June 30Less factory overheadLess finished goods inventory, June 1Less total work in process during period	- Select -
Cost of direct materials placed in productionCost of goods soldFinished goods inventory, June 1Finished goods inventory, June 30Work in process inventory, June 30	$- Select -
Cost of goods soldDirect laborTotal work in process during periodWork in process inventory, June 1Work in process inventory, June 30	- Select -
Direct materials inventory, June 1Direct materials inventory, June 30Factory overheadTotal work in process during periodWork in process inventory, June 30	- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods soldCost of goods manufacturedTotal manufacturing costs		- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods manufacturedCost of goods soldTotal work in process during the period		$- Select -
Less direct laborLess direct materials inventory, June 30Less factory overheadLess finished goods inventory, June 1Less work in process inventory, June 30		- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods manufacturedCost of goods soldTotal work in process during the period			- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods manufacturedCost of goods soldTotal work in process during the period			$- Select -
Less direct laborLess direct materials inventory, June 30Less factory overheadLess finished goods inventory, June 30Less work in process inventory, June 30			- Select -
Cost of direct materials available for useCost of finished goods available for saleCost of goods manufacturedCost of goods soldTotal work in process during the period			$- Select -