Exercise 13-5 Indigo Industries has adopted the following production budget for the first 4 months of 2017 Month Units Month Units January 10,110 March 5,260 February 8,180 April 4,390 Each unit requires 5 pounds of rawl materials costing $2 per pound. On December 31, 2016, the ending raw materals inventory was 9.250 pounds Management wants to have a raw matenials 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 INDIGO INDUSTRIES Direct Materials Purchases Budget March January February Queation Artempts: 0 of 4 used