Exercise 13-5 Ayayai Industries has adopted the following production budget for the first 4 months of 2017 Month January February Units Month 10,100 March 8,100 April Units 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 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 YAYAI INDUSTRIES Direct Materials Budget January Policy I Reserved. A Division of lobn Wley &Soo