Pronghorn Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units anuary 10,170 March 5,190 February 8,470 Ap4,310 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31,2016, the ending raw materials inventory was 9,100 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. PRONGHORN INDUSTRIES Direct Materials Purchases Budget February January March