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Category > Business & Finance Posted 07 Jun 2017 My Price 8.00

Delaware Chemical Company uses oil to produce two types

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Deleware budgeted 25,000 barrels of oil for purchase in September for $72 per barrel. Direct labor budgeted in the chemical process was $210,000 for September. Factory overhead was budgeted $325,000 during September. The inventories on September 1 were estimated to be:

Oil . . . . . . . . . . . . . . . . . . . $14,600
P1 . . . . . . . . . . . . . . . . . . . 9,800
P2 . . . . . . . . . . . . . . . . . . . 8,600
Work in process . . . . . . . . 12,100

The desired inventories on September 30 were:
Oil . . . . . . . . . . . . . . . . . . . $16,100
P1 . . . . . . . . . . . . . . . . . . . 9,100
P2 . . . . . . . . . . . . . . . . . . . 7,900
Work in process . . . . . . . . 13,000
Use the preceding information to prepare a cost of goods sold budget for September 2011.

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Status NEW Posted 07 Jun 2017 07:06 AM My Price 8.00

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