Direct Materials Purchases Budget

Pasadena Candle Inc. budgeted production of 780,000 candles for the year. Wax is required to produce a candle. Assume 15 ounces of wax is required for each candle. The estimated January 1 wax inventory is 17,600 pounds. The desired December 31 wax inventory is 14,200 pounds. If candle wax costs $1.80 per pound, determine the direct materials purchases budget for the year. (One pound = 16 ounces.) Round all computed answers to the nearest whole dollar. 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 Year Ending December 31
Pounds of wax required for production:
Candles	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	$fill in the blank 10