Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units MonthUnits January February 10,130 March 8,490 April 5,120 4,380 Each unit requires S pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,180 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 Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March Click if you would like to Show Work for this question: Open Show Work