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Quetzaltenango Candle Inc. budgeted production of 7 4 0 , 0 0 0 candles for March. Wax is required to produce a candle. Assume 1

Quetzaltenango Candle Inc. budgeted production of 740,000 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 17,600 pounds. The desired March 31 wax inventory is 12,800 pounds. If candle wax costs $1.30 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. 

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