ACK NEXT as-9 Your answer is partially correct. Try again. DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February Units Month Units 10,470 March 8,260 April 5,490 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 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. Direct March 104708260 8260 5490 Units to be Produced Direct Materials Per Unit 52350413002450 27450 Total Pounds Needed for Production 8260 5490 4450 10470 8260 54