Homework, Chapter 22 eBook Show Me How Calculator Print tem Direct Mails Purchases Budget Pasadena Candle Inc. budgeted production of 745,000 candles for the January, Wax is required to produce a candle. Assume 13 ounces of wax is required for each candie. The estimated January 1 wax Inventory is 18,900 pounds. The desired January 31 wax inventory is 14,500 pounds. If candle wax costs $1.20 per pound, determine the direct materials purchases budget for January.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. Pasadena Candle Inc. Direct Materials Purchases Budget For the Month Ending January 31 Pounds of wax required for production Candles Desired ending Inventory, January 31 14.500 X Total units available Estimated beginning inventory, January 1 18,900 Total pounds to be purchased Unit price 120 Total direct materials to be purchased in January Feedback Check My Remember to take into account material required for production desired ending materials inventory and estimated beginning materials inventory when calculating direct materials to be purchased