Solution for QID #58925: Wilmington Chemical Company uses oil to produce two types of | StudyHelpMe

Wilmington Chemical Company uses oil to produce two types of plastic products, P1 and P2. Wilmington budgeted 15,200 barrels of oil for purchase in June for $70 per barrel. Direct labor budgeted in the chemical process was $138,300 for June. Factory overhead was budgeted $191,500 during June. The inventories on June 1 were estimated to be: Oil $9,700 P1 6,500 P2 5,500 Work in process 8,000 The desired inventories on June 30 were: Oil $10,600 P1 5,900 P2 5,300 Work in process 8,300 Use the preceding information, cost of goods sold budget for June. Wilmington Chemical Company Cost of Goods Sold Budget For the Month Ending June 30  $ fill in the blank 1  $ fill in the blank 2 Direct materials:  $ fill in the blank 3  fill in the blank 4  $ fill in the blank 5  fill in the blank 6  $ fill in the blank 7  fill in the blank 8  fill in the blank 9  fill in the blank 10  $ fill in the blank 11  fill in the blank 12  fill in the blank 13  $ fill in the blank 14  fill in the blank 15  $ fill in the blank 16