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DeWitt Industries has adopted the following production budget for the first 4 months of 2020 . Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31,2019 , the ending raw materials 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 Direct Materials Purchases Budget