DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January February 10,470 March 8,470 April 5.440 4.340 Each unit requires 4 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 8,376 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