Question

Cost of Goods Sold Budget

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 17,300 barrels of oil for purchase in June for $68 per barrel. Direct labor budgeted in the chemical process was $129,400 for June. Factory overhead was budgeted at $211,800 during June. The inventories on June 1 were estimated to be:

Oil	$9,100
P1	6,100
P2	5,200
Work in process	7,500

The desired inventories on June 30 were:

Oil	$10,000
P1	5,600
P2	4,900
Work in process	7,800

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
Cost of direct materials placed in production	$
Direct labor
Factory overhead
Total manufacturing costs
Total work in process during the period		$
Work in process inventory, June 30
Cost of goods manufactured
Cost of finished goods available for sale			$
Finished goods inventory, June 30			$
Cost of goods sold			$

I need all spaces filled and and calculations if you can it helps me learn better

Answer 1