Direct Materials Purchases Budget

Pasadena Candle Inc. budgeted production of 710,000 candles for the January. Wax is required to produce a candle. Assume 12 ounces of wax is required for each candle. The estimated January 1 wax inventory is 18,500 pounds. The desired January 31 wax inventory is 13,300 pounds. If candle wax costs $1.40 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:
	fill in the blank 2
	fill in the blank 4
Total units available	fill in the blank 5
	fill in the blank 7
Total pounds to be purchased	fill in the blank 8
Unit price	$fill in the blank 9
Total direct materials to be purchased in January	$fill in the blank 10