Upward Inc. has projected sales to be 10,300 units in January; 12,400 units in February; 8,800 units in March; 10,600 units in April; and 11,800 units in May. There are 860 units on hand on January 1. Management has determined that it needs to carry 4% of the following months sales in ending inventory. Assume that each unit requires 4 litres of raw materials. There are 6,300 litres of raw materials on hand at January 1. Management has decided that raw materials ending inventory should be 10% of next months production needs. Upward Inc. pays $1.90 per litre for raw materials. Prepare a raw materials budget for the first quarter, by month and in total. Include quantity of materials to purchase and cost for the purchases.