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 17,800 barrels of oil for purchase in June for $58 per barrel. Direct labor budgeted in the chemical process was $134,200 for June. Factory overhead was budgeted at $185,800 during June. The inventories on June 1were estimated to be:OilP1P2Work in processThe desired inventories on June 30 were:$10,3005,800OilP1P2Work in process$9,4006,3005,4007,800Direct materials:5,1008,100Use 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 Amount10000

Name: Please do not give solution in image format thanku Cost of goods sold
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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 17,800 barrels of oil for purchase in June for $58 per barrel. Direc

The cost of goods sold includes the cost of goods that are sold during the period. The cost of goods…

Business

Accounting

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 17,800 barrels of oil for purchase in June for $58 per barrel. Direct labor budgeted in the chemical process was $134,200 for June. Factory overhead was budgeted at $185,800 during June. The inventories on June were estimated to be Oil $9,400 P1 6.300 P2 5,400 Work in process 7,800 The desired inventories on June 30 were: Oil P1 P2 Work in process $10,300 5,800 5,100 8,100 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 Line Item Description Amount Amount Amount

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 17,800 barrels of oil for purchase in June for $58 per barrel. Direct labor budgeted in the chemical process was $134,200 for June. Factory overhead was budgeted at $185,800 during June. The inventories on June were estimated to be Oil $9,400 P1 6.300 P2 5,400 Work in process 7,800 The desired inventories on June 30 were: Oil P1 P2 Work in process $10,300 5,800 5,100 8,100 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 Line Item Description Amount Amount Amount

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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