Exercise 9-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February Units Month Units 10,130 March 5,250 4,260 8,110 April Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2016, the ending raw materials inventory was 9,110 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 JanuaryFebruaryMarch DEWITT INDUSTRIES Direct Materials Purchases Budget January February March Click if you would like to Show Work for this question: Open Show Work