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Sheridan Industries has adopted the following production budget for the first 4 months of 2 0 2 5 . table [ [ Month ,

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Sheridan Industries has adopted the following production budget for the first 4 months of 2025.
\table[[Month,Units,Month,Units],[January,8,800,March,4,400],[February,7,040,April,3,520]]
Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31,2024, the ending raw materials inventory was 3,520 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.
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