Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. 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 $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 2017.