Business
Business, 19.04.2021 16:00, EnzoF17

Delaware budgeted 35,000 barrels of oil 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: Oil $15,200
P1 8,300
P2 8,600
Work in process 12,900

The desired inventories on June 30 were:
Oil $16,100
P1 9,400
P2 7,900
Work in process 13,500

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

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Delaware budgeted 35,000 barrels of oil for purchase in June for $90 per barrel. Direct labor budget...

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