Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units 10,100 8,400 Month March April Units 5,200 4,230 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 10,100 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 $ $ $ Click if you would like to Show Work for this question: Open Show Work