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

Each unit requires 3 pounds of raw materials costing $4 per pound. On December 31, 2016, the ending raw materials inventory was 9,150 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements. Prepare a direct materials purchases budget by month for the first quarter.

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT RCES Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month 10,340 8,480 March April Units 5.440 4,230 February Each unit requires 3 pounds of raw materials costing $4 per pound. On December 31, 2016, the ending raw materials inventory was 9,150 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