DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units Month 10,470 March 8,260 April Units 5,490 4,450 Each unit requires S 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. DEWITT INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2020 select an opening materials purchases budget item Units to be produced January February March enter a number enter a number enter a number of units of units of units 10470 3200 5430 enter the amount of pounds 8 enter the amount of pounds 5 enter the amount of pounds 5 select an item Direct Materiais Per Unit enter a total amount of pounds for the first ont 52330 enter a total amount of pounds for the first part 41200 enter a total amount of pounds for the first part 27460 select a summarizing line for the first nart Total Pounds Needed for Production enter the amount of unds enter the amount of pound enter the amount of pounds Select between addition and deduction A select an am da Pure DOC select a summarizing line for the second part Total Materials Required enter a total amount of pounds for the second part enter a total enter a total amount of amount of pounds for the pounds for the second part second part select between addition and deduction Less select an item Beginning Direct Materials (Pounds) enter the amount of pounds enter the amount of pounds enter the amount of pounds enter a total amount of pounds for the third part select a summarizing line for the third part Direct Materials Purchases enter a total amount of pounds for the third part enter a total amount of pounds for the third part $enter a dollar amount $enter a dollar amount $enter a dollar amount select an item Cost Per Pound $enter a total dollar amount $enter a total dollar amount Senter a total dollar amount select a dosing materials purchases budget item Total Cost of Direct Materials Purchases Open Show Work Click if you would like to Show Work for this question: Tid (Ctrl)