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Lily Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month Units January 8,400 March 4,200 February 6.720

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Lily Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month Units January 8,400 March 4,200 February 6.720 April 3,360 Each unit requires 3 pounds of raw materials costing $1 per pound. On December 31, 2021, the ending raw materials inventory was 5,040 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. LILY INDUSTRIES Direct Materials Purchases Budget LILY INDUSTRIES Direct Materials Purchases Budget January February

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