DeWitt Industries has adopted the following production budget for the first 4 months of 2020 . Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31,2019 , the ending raw materials inventory was 10,470 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. Total Materials Required Direct Materials Purchases Direct Materials Per Unit Direct Labor Cost Per Hour Total Required Direct Labor Hours Total Direct Labor Cost Total Cost of Direct Materials Purchases Direct Labor Time Per Unit Cost Per Pound Desired Ending Direct Materials (Pounds) Total Pounds Needed for Production Beginning Direct Materials (Pounds) Units to be Produced