Pasadena Candle Inc budgeted production of 715,000 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 16,600 pounds The desired January 31 wax inventory is 14,400 pounds If candle wax costs $2 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 Pounds of wax required for production CandlesEstimated beginning inventory, January 1Estimated ending inventory, January 31Unit priceCandles Candles Estimated beginning inventory, January 31Desired ending inventory, January 1Desired ending inventory, January 31Unit priceDesired ending inventory, January 31 Desired ending inventory, January 31 Total units available fill in the blank 5 CandlesEstimated beginning inventory, January 1Estimated beginning inventory, January 31Unit priceEstimated beginning inventory, January 1 Estimated beginning inventory, January 1 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

Question

Pasadena Candle Inc  budgeted production of 715,000 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 16,600 pounds  The desired January 31 wax inventory is 14,400 pounds  If candle wax costs $2 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 Pounds of wax required for production  CandlesEstimated beginning inventory, January 1Estimated ending inventory, January 31Unit priceCandles Candles Estimated beginning inventory, January 31Desired ending inventory, January 1Desired ending inventory, January 31Unit priceDesired ending inventory, January 31 Desired ending inventory, January 31 Total units available fill in the blank 5 CandlesEstimated beginning inventory, January 1Estimated beginning inventory, January 31Unit priceEstimated beginning inventory, January 1 Estimated beginning inventory, January 1 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

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Pasadena Candle Inc. budgeted production of 715,000 candles for the January. Wax is required to produce a candle. Assume 13 ounces of wax is required

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Pounds of wax required for production:
CandlesEstimated beginning inventory, January 1Estimated ending inventory, January 31Unit priceCandles	Candles
Estimated beginning inventory, January 31Desired ending inventory, January 1Desired ending inventory, January 31Unit priceDesired ending inventory, January 31	Desired ending inventory, January 31
Total units available	fill in the blank 5
CandlesEstimated beginning inventory, January 1Estimated beginning inventory, January 31Unit priceEstimated beginning inventory, January 1	Estimated beginning inventory, January 1
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