Direct Materials Purchases Budget Pasadena Candle Inc budgeted production of 735.000 candles for the year wax required to produce a andle. Assume 14 ouncet of-ax-requred each candle. The estimated Jenuary 1 wax inventory is 19,000 pounds. The desired December 31 wax inventory is 13,700 pounds. 1f candle wax costs $1.30 per pound, determine the direct materials proases budget for the year. (one pound " 16 ounces.) Round all computed to the nearest whole dolar For those boxes in which you must enter subtracted or negative numbers use a minus sign. Direct Materials PurchBudget f wax required for production Candies omired ending inventory, December 31 L1 Total pounds to be punchamed Unit price Total direct materials to be punchased Remember to take into aocount materals required for production, desired ending maeials Ieventery and estmated beginning materials inventory when calclating direct materals to be purchased PreviousNext work saved for Grading