Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January February 10,110 8,370 March April 5,390 4,140 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,110 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 For the Quarter Ending March 31, 2017 January February March Units to be produced Total Pounds Needed for Production Total Materials Required Add . Desired Ending Direct Materials LINK TO TEXT VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS Question Attempts: 0 of 3 used SAVE FOR LATERSUBMIT