DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,470 March 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 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, 2017 January February Units to be Produced