Waterway Industries has adopted the following production budget for the first 4 months of 2022. Units Month January February Units 10.200 8.160 Month March April 5.100 4.000 Each unit requires 4 pounds of raw materials costing 56 per pound on December 31, 2021, the ending raw materials inventory was 3.160 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. WATERWAY INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2022 January February Units to be produced Direct Materials Per Unit Tot Pounds Needed for Production Add Desired Ending Direct Materiah (Pounds Tot Materials Required Less Henning Direct Materials Counds Prepare a direct materials purchases budget by month for the first quarter. WATERWAY INDUSTRIES Direct Materials Purchases Budget For the Quarter Endin March 31, 2022 January February Units to be produced Direct Materials Per Unit Total Pounds Needed for Production Add: Desired Ending Direct Materials (Pound) Total Materials Required Beginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Pound $ $ $ Total Cost of Direct Materials Purchases $ $ Prepare a direct materials purchases budget by month for the first quarter. WATERWAY INDUSTRIES Direct Materials Purchases Budget For the Quarter Endine March 31, 2022 January February March Production ding Direct Materials (Pounds) Direct Materials (Pounds) $ $ $ $ $ als Purchases eTextbook and Media Attempts:0 of 3 used Subot Answer Save for later og D DO sk 30 88 Fa & 7 R 9