Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000 
Work in process inventory, January 1 $41,250 
DIRECT MATERIALS: 
Direct materials inventory, January 1 $19,840 
Direct materials purchases $60,4035 
Cost of direct materials available for use $62,3875 
Direct materials inventory, December 31 $15,500 
Cost of direct materials placed in production $608,375 
Direct labor $1,413,000 
Factory overhead $300,000 
TOTAL manufacturing costs $2,321,375 
Total work in process during period $2,362,625 
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500 
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125 
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125