Please do not give solution in image format thanku Cost of goods sold budgetDelaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 25,700 barrels of all for purchase in June for $73 per barrel.Direct labor budgeted in the chemical process was $206,400 for June. Factory overhead was budgeted at $337,700 during June. The inventories on June 1 were estimated tobe:OlP1$14,4009,7008,300Work in process12,000The desired inventories on June 30 were:P201P1P2Work in process$15,9008,9007,80012,400Use 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 CompanyCost of Goods Sold BudgetFor the Month Ending June 30Line Item Description Amount Amount AmountDirect materials:0000

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Description: Please do not give solution in image format thanku Cost of goods sold budgetDelaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 25,700 barrels of all for purchase in June for $73 per barrel.Direct

Cost of Goods Sold = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending…

Business

Accounting

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 25,700 barrels of oll for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $206,400 for June. Factory overhead was budgeted at $337,700 during June. The inventories on June 1 were estimated to be: Oll $14,400 P1 9,700 P2 8,300 Work in process 12,000 The desired inventories on June 30 were: OF $15,900 P1 8,900 7,800 12,400 P2 Work in process Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or i ative numbers use a minus sign Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Line Item Description Amount Amount Amount Direct materials

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 25,700 barrels of oll for purchase in June for $73 per barrel. Direct labor budgeted in the chemical process was $206,400 for June. Factory overhead was budgeted at $337,700 during June. The inventories on June 1 were estimated to be: Oll $14,400 P1 9,700 P2 8,300 Work in process 12,000 The desired inventories on June 30 were: OF $15,900 P1 8,900 7,800 12,400 P2 Work in process Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or i ative numbers use a minus sign Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Line Item Description Amount Amount Amount Direct materials

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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