Pasadena Candle Inc. budgeted production of $730,000$ candles for the January. Wax is required to produce a candle. Assume $15$ ounces of wax is required for each candle. The

estimated January $1$ wax inventory is $17,000$ pounds. The desired January $31$ wax inventory is $13,500$ pounds. If candle wax costs $$2\mathrm{.}00$ 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 $31$