Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January February 10,160 March 8,320 April 5,450 4,440 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,480 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 January February March DEWITT INDUSTRIES Direct Materials Purchases Budget January February March Click if you would like to Show Work for this question: Open Show Work