DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 10.160 March 5.450 January February 8,320 April 4.440 Each unit requires 5 pounds of raw materials costing 53 per pound. On December 31, 2019, the ending raw materials inventory was 10.160 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's 3 production requirements. Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March $ $ $