Wildhorse Industries has adopted the following production budget for the first $4$ months of $2022.$

$\backslash$table$[[$Month$,$Units,Month,Units$],[$January$,12,200,$March,$6,100],[$February$,9,760,$April,$4,880]]$

Each unit requires $2$ pounds of raw materials costing $$3$ per pound. On December $31,2021,$ the ending raw materials inventory was $4,880$ 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.

WILDHORSE INDUSTRIES Direct Materials Purchases Budget