Moist Layers of Red Velvet Cake Filled with a Rich Cream Cheese Frosting

powdered sugar, sugar, enriched wheat flour bleached (flour, niacin, iron, thiamine mononitrate, riboflavin, folic acid, soybean oil, cream cheese (pasteurized milk and cream, cheese culture, salt, carob bean gum, water, palm oil, invert sugar, contains 2% or less of: agar-agar, arabic gum, beta-carotene, carrageenan, citric acid, cocoa processed with alkali, corn syrup, cornstarch, datem, dextrose, food starch-modified, glycerin, guar gum, high oleic sunflower and/or canola oil, hydrogenated cottonseed oil, lactic acid, leavening (baking soda, sodium acid pyrophosphate, liquid sucrose, natural and artificial flavor, nonfat milk, polysorbate 60, preservatives (potassium sorbate, sodium benzoate, sodium propionate, sorbic acid, propylene glycol alginate, red 40, salt, semisweet chocolate (unsweetened chocolate, sugar, cocoa butter, soy lecithin, natural flavor, sorbitol, soy flour, soy lecithin, sweetened condensed skim milk (skim milk, sugar, tartaric acid, titanium dioxide, white chocolate shavings (sugar, cocoa butter, milk, nonfat milk, soy lecithin, natural flavor, white confectionery snaps (sugar, hydrogenated palm kernel oil, nonfat milk, milk, hydrogenated palm oil, soy lecithin, artificial flavor, xanthan gum, yellow 5, yellow 6, yellow corn flour