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Please solve. Coronado Industries has adopted the following production budget for the first 4 months of 2022. Each unit requires 4 pounds of raw materials

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Coronado Industries has adopted the following production budget for the first 4 months of 2022. Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31,2021 , the ending raw materials inventory was 7,360 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. CORONADO INDUSTRIES Direct Materials Purchases Budget January February ^: v^: March $ $

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