Learning Objective 21-4 EXERCISE 21-15Cost of goods sold budgetYou may use the a

Learning Objective 21-4 EXERCISE 21-15Cost of goods sold budgetYou may use the attached spreadsheet to complete this activity. You will find the spreadsheet by clicking on the paper clip found in the upper left hand corner of the screen.Dover Chemical Company uses oil to produce two types of plastic products, P1 and P2. Dover purchased 30,000 barrels of oil in June for $28 per barrel. Direct labor used in the chemical process was $150,000 for June. Factory overhead was budgeted $275,000 during June. The inventories on June 1 were estimated to be:The desired inventories on June 30 were:Use the information to prepare a cost of goods sold budget for June.After preparing a cost of goods sold budget for June on the attached spreadsheet, give the following amounts:Item