Soft Glow Candle Inc. budgeted production of $96,800$ candles in $20$Y$4.$ Wax is required to produce a candle. Assume that $8$ ounces $($one$-$half of a pound$)$ of wax is required for each candle. The estimated January $1,20$Y$4,$ wax inventory is $3,100$ pounds. The desired December $31,20Y4,$ wax inventory is $5,200$ pounds. Candle wax costs $$3\mathrm{.}80$ per pound.

Each candle requires molding. Assume that $9$ minutes are required to mold each candle. Molding labor costs $$15\mathrm{.}00$ per hour.

Prepare a cost of goods sold budget for Soft Glow Candle Inc., using the information above. Assume that the estimated inventories on January $1,20$Y$4,$ for finished goods and work in process were $$10,560$ and $$6,440,$ respectively. Also assume that the desired inventories on December $31,20Y4,$ for finished goods and work in process were $$13,050$ and $$5,920,$ respectively. Factory overhead was budgeted at $$95,170.$ Round your interim calculations to nearest cent, if required.

Soft Glow Candle Inc.

Cost of Goods Sold Budget

For the Year Ending December $31,20Y4$

Direct materials:

$$

Cost of direct materials placed in production $q,$

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