Exercise 9-5 (Video) Dewitt Industries has adopted the following production budget for the first 4 months of 2020 Units 10,160 March 8,320 April Month Units anuary 5,450 February Each unilt requires S pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materiais inventory was 10,160 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 Units to be Produced Cost Per Pound Total Pounds Needed for Production Add #. ( Desired Ending Direct Materials (Pounds) Total Pounds Needed for Production Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Total Cost of Direct Materials Purchases 10,160 5,450 16350 4440 15340 #3 5450