Asadena candle inc. budgeted production of 780,000 candles for the january. wax is required to produce a candle. assume 12 ounces of wax is required for each candle. the estimated january 1 wax inventory is 17,700 pounds. the desired january 31 wax inventory is 13,800 pounds. if candle wax costs $1.70 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.

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