DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10.160 March 5,450 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 production requirements Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March > $ s $ $ $ $