-/1 = Question 6 of 14 View Policies Current Attempt in Progress Waterway Industries has adopted the following production budget for the first 4 months of 2022 Month Units Month Units 10,200 March 5.100 January February 8.160 April 4,080 Each unit requires 4 pounds of raw materials costing $6 per pound, On December 31, 2021, the ending raw materials inventory was 8,160 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter WATERWAY INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31,2022 - / 1 11 Question 6 of 14 January February 8160 10200 Units to be produced 4 4 Direct Materials Per Unit 16320 40800 Total Pounds Needed for Production Add Desired Ending Direct Materials (Pounds) Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Pound Toined Man mework -/15 Question 6 of 14 March January February 5100 10200 8160 4 4 4 16320 20400 Production 40800 ding Direct Materials (Pounds) Direct Materials (Pounds) es $ $ $ rials Purchases $ $