Exercise 23-5 Your answer is partially correct. Try again. DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month January February U nits 10,170 8,470 Month March April Units 5,190 4,310 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 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