FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4 months of 2020. January February Units 10,130 8.490 Month March April Units 5,120 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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. DEWITT INDUSTRIES Direct Materials Purchases Budget