Pasadena Candle Inc. budgeted production of 725,000 candles for the January. Wax is required to produce a candie. Assume 14 ounces of wired for inch candle. The estimated January 1 wax inventory is 16,900 pounds. The desired January 31 wax inventory is 14,100 pounds. It 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 hoxes 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: Candles Desired ending Inventory, January 31 14.100 Total units available Estimated beginning inventory, January 1 Total pounds to be purchased Unit price -16.00 Total direct materials to be purchased in January