Dallas Industries has adopted the following production budget for the first 4 months of 2014. Month Units Month Units January 10,280 March 5,270 February 8,360 April 4,330 Each unit requires 4 pounds of raw materials costing $3 per pound. On December 31, 2013, the ending raw materials inventory was 9,390 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements. Prepare a direct materials purchases budget by month for the first quarter.

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DALLAS INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2014 January February March Units to be Produced 10280 8360 5270 Direct Materials Per Unit 4 4 4 Total Pounds Needed for Production 41120 33440 21080 Add Desired Ending Direct Materials Total Materials Required Less Beginning Direct Materials 9390 Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases