Question 1 (18 marks) Soster makes and sells candles. Each candle uses 0.6 kilogram of wax. Budgeted production of candles in units for the next four months is as follows: March April May June Budgeted production 20,000 17,000 18,000 15,000 The company wants to maintain monthly ending inventories of wax equal to 25% of the following month's budgeted production needs. There were 900 kilograms of wax on hand at March 1. The cost of wax is $0.75 per kilogram. Required: Prepare a direct materials purchases budget for the three months ending May 30th. Exclude quarterly totals