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Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,110 March 5,260

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Exercise 21-5 DeWitt 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 Aprl 4,390 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,250 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 anuary February March Click if you would like to Show Work for this question: Open Show Work

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