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Took two pictures not sure which is clearer I need someone to show me how to exactly get all these numbers so I can have

Took two pictures not sure which is clearer
I need someone to show me how to exactly get all these numbers so I can have it in my notes
I need to see calculations like how to get direct material inventory Jan 1 and so on please show your work image text in transcribed
image text in transcribed
Document htm Show Me HowCalculator Cost of goods sold budget Pasadena Candie Inc. budgeted production of 785,000 candles for the required to mold each candle. If molding labor costs $1 year. Each candle requires molding. Assume that six minutes are 8 per hour, determine the direct labor cost budget for the year. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during the year. If candle wax costs $1 determine the direct materials purchases for the year 24 per pound Prepare a cost of goods sold budget for Pasadena Candle Inc. i for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds using the information above. Assume the estimated inventories on January Also assume the desired inventories on December 31 for finished goods and work in process were $120,000 and $28,500, respectively end direct materials wax inventory of 12,500 pounds. enter subtracted or negative numbers use a minus sign Factory overhead was budgeted at $300,000. For those boxes in which you must ne Pasadena Candle Inc Cost of Goods Sold Budget For the Year Ending December 31 goods inventory, January 1 V 200.090 : $1 Work in process inventory, January 1 1258 Direct materials Direct materials Inventory,January 1 Direct materials purchases 19,840 04a5 623,875 -5500 of direct materials available for use / Direct materials lventory, December 3 20x4 Cost of direct materiais placed in production 1413.800 1, 20x Factory overbead red Total manufacturing cents Total work in process during period ????? work in Cost of Cost of fnnished goods uvailable for sale Y Finished goods Inventory, December 31 3,334125 534 125 Cost of goods sold 2414125 3 8

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