DeWitt Industries has adopted the following production budget for the first 4 months of 2017.

Exercise 21-5 DeWitt Industries has adopted the following production budget for the first months of 2017. Month Units Month Units January 10,350 March 5,470 April 8,230 February 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 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 $ LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS