DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 5.480 10.120 March 8,460 April February 4,370 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 10,120 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 > > $ $ $