DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,110 March 5,390 February 8,370 April 4,140 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,110 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 Month Ending March 31, 2020 January February March Units to be Produced 10110 8370 5390 Direct Materials Per Unit Total Pounds Needed for Production 50550 41850 26950 Add : Desired Ending Direct Materials (Pounds) 8370 5390 4140 Total Materials Required 10110 8370 5390 Direct Materials Per Unit Total Pounds Needed for Production - 50550 41850 26950 Add : Desired Ending Direct Materials (Pounds) - 8370 5390 4140 Total Materials Required 10110 8370 5390 Less : Beginning Direct Materials (Pounds) Direct Materials Purchases 48810 38870 25700 Cost Per Pound | Total Cost of Direct Materials Purchases " 97620 77740 51400