Quetzaltenango Candle Inc. budgeted production of $735,000$ candles for March. Wax is required to produce a candle. Assume $14$ ounces of wax is required for each candle. The estimated March $1$ wax inventory is $17,300$ pounds. The desired March $31$ wax inventory is $13,700$ pounds. If candle wax costs $$1\mathrm{.}60$ per pound, determine the direct materials purchases budget for March. $($One pound $=16$ ounces.$)$ Round all computed answers to the nearest whole number. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Quetzaltenango Candle Inc.

Direct Materials Purchases Budget

For the Month Ending March $31$

Line Item Description Amount

Pounds of wax required for production:

Candles

Candles

$10,290,000$

Desired ending inventory, March $31$

Desired ending inventory, March $31$

$13,700$

Total units available Total units available

$10,303,700$

Estimated beginning inventory, March $1$

Estimated beginning inventory, March $1$

$-17,300$

Total pounds to be purchased Total pounds to be purchased

$10,286,400$

Unit price $($per lb$.)\backslash$times $Unit price $($per lb$.)$

$1\mathrm{.}60$

Total direct materials to be purchased in March $Total direct materials to be purchased in March

$16,458,240$