Coronado Industries has adopted the following production budget for the first $4$ months of $2022.$

$\backslash$table$[[$Month$,$Units,Month,Units$],[$January$,9,200,$March,$4,600],[$February$,7,360,$April,$3,680]]$

Each unit requires $4$ pounds of raw materials costing $$6$ per pound. On December $31,2021,$ the ending raw materials inventory was $7,360$ 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.

CORONADO INDUSTRIES

Direct Materials Purchases Budget