Pasadena Candle Inc. budgeted production of 730,000 candles for the year. Wax is required to produce a candle. Assume 11 ounces of wax is required for each candle. The estimated January 1 wax inventory is 17,100 pounds. The desired December 31 wax inventory is 14,400 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:
CandlesEstimated beginning inventory, January 1Estimated ending inventory, January 31Unit priceCandles	Candles
Estimated beginning inventory, January 31Desired ending inventory, December 1Desired ending inventory, December 31Unit priceDesired ending inventory, December 31	Desired ending inventory, December 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	$fill in the blank 10