Coronado Industries has adopted the following production budget for the first 4 months of 2022. 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 January February March V $ $ $ $ $ $ e Textbook and Media