Sheffield Industries has adopted the following production budget for the first 4 months of 2022. Month Units January 13,000 March 6,500 February 10,400 April Month Units 5,200 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2021, the ending raw materials inventory was 5,200 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. eTextbook and Media + + $ SHEFFIELD INDUSTRIES Direct Materials Purchases Budget January $ $ Febri

Shetheld industries has adopted the following production budget for the first 4 months of 2022. Each unit requires 2 pounds of raw materials costing $3 per pound On December 31,2021 , the ending raw materiais inventory was 5,200 pounds. Management wants to have a raw materials imentory at the end of the month equal to 205 of next month s production requirements. Prepare a direct materials purchases budget by month for the nrst quarter