DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,340 March 5,440 February 8,480 April 4,230 Each unit requires 3 pounds of raw materials costing $4 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. DEWITT INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2017 January February March Units to be produced 10,340 8,480 5,440 Direct Materials Per Unit Total Pounds Needed for Production Add : Desired Ending Direct Materials $