Cost of Goods Sold Budget Soft Glow Candle Inc. budgeted production of 96,800 candles in 2014. Wax is required to produce a candle. Assume that 8 ounces (one- malf of a pound) of wax is required for each candle. The estimated January 1, 20Y4, wax inventory is 3,100 pounds. The desired December 31, 2014, wax inventory is 5,200 pounds. Candle wax costs $3.80 per pound. Each candle requires molding. Assume that 9 minutes are required to mold each candle. Molding labor costs $15.00 per hour. Prepare a cost of goods sold budget for Soft Glow Candle Inc., using the information above. Assume that the estimated inventories on Danuary 1, 2014, 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

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Jasmine Thompson AutoSave Document4 Word O Search B Share Comment File Insert Draw Design Layout References Mailings Review View Help Home O Find X Cut Calibri (Body) A A Aa A EE v E EE T AaBbCcDd AaBbCcDd AaBbC AABBCCC AaB AaBbCcD AaBbCcDd AaBbCcDd v 12 S Replace Dictate Editor Copy Paste Emphasis BIU ab x, x' A ~ A EEEE E - 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select V Format Painter Styles Editing Voice Editor Clipboard Font Paragraph 3 4 5. 6. 1 2. In Year 2, Chalon Company records the payment of $450 cash for an expense accrued in Year 1 and records the accrual of $425 for another expense. Additionally, Chalon Company pays $475 for supplies that were purchased in Year 1 on account. The impact of these three entries on Year 2 total expenses and total liabilities is: Total Expenses Liabilities a. increase by $425 decrease by $500 b. increase by $450 decrease by $25 c. increase by $425 increase by $25 d. increase by $900 decrease by $500 e. increase…

I have answered A-I in the pictures I posted below. I need the answers to J-L.