Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound = 16 ounces.) 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:

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Total units available	fill in the blank 5

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Total pounds to be purchased	fill in the blank 8
Unit price (per lb.)	$fill in the blank 9
Total direct materials to be purchased in January	$fill in the blank 10