Cost of Goods Sold Budget Delaware Chemical Company uses oll to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oll for purchase in June for $90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted at $400,000 during June. The inventories on June 1 were estimated to be: Oll $15,200 8,300 8,600 Work in process 12,900 The desired inventories on June 30 were: P1 P2 Oll P1 P2 Work in process $16,100 9,400 7,900 13,500 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 Cest of Goods Sold Budget
Cost of Goods Sold Budget Delaware Chemical Company uses oll to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oll for purchase in June for $90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted at $400,000 during June. The inventories on June 1 were estimated to be: Oll $15,200 8,300 8,600 Work in process 12,900 The desired inventories on June 30 were: P1 P2 Oll P1 P2 Work in process $16,100 9,400 7,900 13,500 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 Cest of Goods Sold Budget
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Transcribed Image Text:Delaware Chemical Company
Cost of Goods Sold Budget
For the Month Ending June 30
Direct materials:
Transcribed Image Text:Cost of Goods Sold Budget
Delaware Chemical Company uses oll to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oll for purchase in June for
$90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted at $400,000 during June. The
inventories on June 1 were estimated to be:
Oll
P1
P2
Work in process
The desired inventories
3227
P1
P2
Work in process
$15,200
8,300
8,600
12,900
on June 30 were:
$16,100
9,400
7,900
13,500
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
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