Confederate Candle Co. budgeted production of 64,300 candles in 2012. Wax is required to produce a candle. Assume eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 2012, wax inventory is 3,000 pounds. The desired December 31, 2012, wax inventory is 3,200 pounds. If candle wax costs $3.60 per pound, determine the direct materials purchases budget for 2012.