Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 705,000 candles for the January, Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,500 pounds. The desired January 31 wax inventory is 13,100 pounds. If candle wax costs 51.50 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 Total units available bbb) Total pounds to be purchased Unit price Total direct materials to be purchased in January