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Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 735,000 candles for the January,...

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Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 735,000 candles for the January, Wax is required to produce a cande. Assume 14 ounces of wax is required for each candle. The estimated January 1 wax inventory is 17,900 pounds. The desired January 31 wax inventory is 12,900 pounds. If candle wax costs $1.50 per pound, determine the direct materials purchases budget for January (One pound = 16 ounces.) Round all computed answers to the nearest whole number. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pounds of wax required for production: Candles 735.000 Desired ending inventory, January 31 Total units available Total pounds to be purchased unit price Total direct materials to be purchased in January

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