Swifty 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 6.560 pounds Management wants to have a raw materials inventory at the end of the month equal to 20m of next monthis production requirements. Prepare a direct materials purchases budget by month for the first quarter. Direct Labor Cost Per Hour Total Direct Labor Cost Cost Per Pound Total Materials Required Total Required Direct Labor Hovis Direct Materials Per Unit Total Cost of Direct Materials Purchases Total Pounds Needed for Production Direct Materials Purchases Direct Labor Time Per Unit Units to be Produced Beginning Direct Materials (Pounds) Desired Ending Direct Materials (Pounds) SWIFTYINDUSTRIES Direct Materials Purehases Budget