Quetzaltenango Candle Inc. budgeted production of 775,000 candles for March. Wax is required to produce a candle. Assume 10 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 13,500 pounds. If candle wax costs $1.50 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