work Question 6 of 14 View Policies Current Attempt in Progress Concord Industries has adopted the following production budget for the first 4 months of 2022 Month January February Units 11.200 8.960 Month March April Units 5,600 4,480 Each unit requires 4 pounds of raw materials costing $6 per pound. On December 31, 2021, the ending raw materials inventory was 8,960 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. CONCORD INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2022 January February Units to be produced Direct Materials Per Unit Total Pounds Needed for Production Add Desired Ending Direct Materials (Pounds! Less Beginning Direct Materials Pounds) $ $ $ $ $