DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Month January February Units 10.340 8,480 March April Units 5.440 4.230 Each unit requires 3 pounds of raw materials costing S4 per pound. On December 31, 2016, the ending raw materials inventory was 9,150 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. DEWIIT INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31.2017 January February Units to be produced 10340 8480 Direct Materials Per Unit Direct Materials Purchases Budget For the Quarter Ending March 31, 2017 January February Units to be Produced 10340 8480 Direct Materials Per Unit 3 Total Pounds Needed for Production 31020 25440 Add : Desired Ending Direct Materials 5088 3264 Total Materials Required 36108 28704 Less Beginning Direct Materials 6204 5088 Direct Materials Purchases 29904 23616 Cost Per Pound Total Cost of Direct Materials Purchases 119616 94464