Quetzaltenango Candle Inc. budgeted production of 720,000 candles for March. Wax is required to produce a candle. Assume 11 ounces of wax is required for each candle. The estimated March 1 wax inventory is 16,600 pounds. The desired March 31 wax inventory is 13,700 pounds. If candle wax costs $2.10 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: Estimated ending inventory, March 31 Estimated beginning inventory, March 31 Total units available Candles Total pounds to be purchased Unit price (per lb.) Total direct materials to be purchased in March