Question 2 Eden Ltd manufactures different types of scented candles in its factory. The cost data for the most recent year is provided below: $ Items Raw material inventory, Jan 1 Raw material inventory, Dec 31 Work in process inventory, Jan 1 Work in process inventory, Dec 31 Finished goods inventory, Jan 1 Finished goods inventory, Dec 31 Direct labor Insurance factory Utilities factory Advertising cost Depreciation (60% factory and 40% office) Indirect materials Indirect labor Freight out Purchase of raw materials 40,000 70,000 120,000 110,000 230,000 130,000 70,000 33,000 22,000 10,000 20,000 26000 19000 7000 300,000 Required: Calculate the cost of Goods Sold from the information provided in the table. [Marks: 10]