PRINTER VERSION BACK Exercise 23-5 Dewitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February Units Month Units 10,440 March 5,190 4,120 8,240 April Each unit requires 3 pounds of raw mater als costing S2 per pound. On December 3, as00 O 016 the endir raw materi is n entry ds. nagem nt w nts i nera" nati 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 2017 For the Month Ending March FebruaryMarch January 8,240 5,190 10,440