Question 2 of 5 -/2 E View Policies Current Attempt in Progress Vaughn Industries has adopted the following production budget for the first 4 months of 2022 Month Units January Units Month 12,400 March 9.920 April 6,200 February 4.960 Each unit requires 3 pounds of raw materials costing $4 per pound on December 31, 2021, the ending raw materials inventory was 7,440 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, VAUGHN INDUSTRIES Direct Materials Purchases Budget January February January February $ $ $ arch o O 261 n 2 of 5 -12 E January February March $ $ C . c - a G IM 1121/2021