Exercise 22-05 (Video) Wildhorse Industries has adopted the following production budget for the first 4 months of 2020. Month Month Units January February Units 10,430 8,210 March April 5,130 4.470 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,258 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 WILDHORSE INDUSTRIES Direct Materials Purchases Budget January February March