Direct Materials Purchases Budget Pasadena Candle Inc budgeted production of 785 000 candles for January Wax is required to produce a candle Assume 10 ounces of wax is required for each candle The estimated January 1 wax inventory is 16 000 pounds The desired January 31 wax inventory is 12 500 pounds It candle wax costs 1 24 per pound determine the direct materials purchases budget for January One pound 16 ounces 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 Total units available Total pounds to be purchased Unit price per lb Total direct materials to be purchased in January 604 035 Feedback Check My Work