10) Apex Industries has projected the following production budget for the first four months of 2019. January February March April 10,000 Units 8,000 Units 5,000 Units 4,000 Units Each unit requires 3 pounds of material which costs $ 4.50 per pound. At the beginning of January, the stock of Raw Materials was 10,000 pounds. Management requires a closing inventory of raw materials equal to 25% of the next month's production. Required: Prepare a monthly direct Materials Purchases Budget for the first quarter of 2019. 10 Marks