Pasadena Candle Inc budgeted production of 765,000 candles for the year. Wax is required to produce a candie. Assume 13 ounces of wax is required for each cande. The estimated January I was inventory $ 17,500 pounds. The desired December 31 wax inventory is 14,400 pounds. If candle wax costs $1.50 per pound, determine the Grect materials purchases budget for the year. (One pound 16 ounces) Round all computed answers to the nearest whole della For those boxes in which you must enter subtracted or negative numbers use a mission Pasadena Candle Ine. Direct Materials Purchases Budget For the Year Ending December 31 Pounds of wax required for production Candles 6. Desireending inventory, December 31 Total units available x Estimated beginning inventory louary 1 X Total pounds to be purchased 10 Unit price Tot direct materials to be purchased