Waterway Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month Units January 10,200 March 5.100 February 8.160 April 4,080 Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31, 2021, the ending raw materials inventory was 8,160 pounds. Management wants to have araw 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. WATERWAY INDUSTRIES Direct Materials Purchases Budget January February $ $ $ $ $ e Textbook and Media WATERWAY Direct Materials Purchases Budget January February March > $ $ S $ $ e Textbook and Media