Quetzaltenango Candle Inc, budgeted production of 750,000 candies 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 19,000 pounds. The desired March 31 wax inventory is 14,500 pounds. If candle wax costs $1,90 per pound, determine the direct materiais 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, budgeted production of 750,000 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 19,000 pounds. The desired March 31 wax inventory is 14,500 pounds. If candle wax costs $1.90 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