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

January 10,410 March 5,350 February 8,280 April 4,480

Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,420 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.

DEWITT INDUSTRIES Direct Materials Purchases Budget

January February March

:

:

$ $ $

$ $ $