Pasadena candle inc budgeted a production of 785000 candles for January each candle requires molding assume that 6 minutes are required to molded candle if molding labor costs $18 per hour to terminate direct labor cost budget for January waxes required to produce the candle assume 487125 pounds of material we've purchased during January the candlewax cost as a $24 per pound prepare a cost of goods sold budget for Pasadena candle inc using the information above assume the estimated inventories on January 1st for the finished goods in work and process were $200000 & $41250 dollars respectively and direct materials wax inventory of 16000 pounds also assume that desired inventories on January 31st for finished goods in working process were a $120000 And $28500 respectively and direct materials wax inventory of 12500 pounds factory overhead was budgeted at $300000.

Cost of goods sold budget o 2 Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January, Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle in using the Information above. Assume the estimated Inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax Inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena rundi Pasadena Candle Inc. Cost of Goods Sold Budget For the Month Ending January 31 Direct materials: Cost of direct materials placed in production $l Total work in process during period ido