- Your answer is partially correct. Coronado Industries has adopted the following production budget for the first 4 montrs of 2022. Each unit requires 2 pounds of raw materials costing $3 per pound On Oecember 322021 the endingraw materials inventory was 4.720 pounds. Maragement wants to have a raw materials inventery at the end of the month equal to 20% of nect month's: production requirements. Prepare a direct materials purchases budget by month for the first quarter