DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,470 January 10,350 March February 8,230 April 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,280 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 February March January DEWITT INDUSTRIES Direct Materials Purchases Budget February March January $ $ $ $ $