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Dewitt Industries has adopted the following production budget for the first 4 months of 2012. Month Units Month Units January February 10,900 8,300...

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Dewitt Industries has adopted the following production budget for the first 4 months of 2012.  Month Units Month Units January 10,900 March 4,900 February 8,300 April 4,500 Each unit requires 4 pounds of raw materials costing $3 per pound. On December 31, 2011, the ending raw materials  inventory was 13,952 pounds. Management wants to have a raw materials inventory at the end of the month equal to 32% of  next month's production requirements.  Complete a direct materials purchases budget by month for the first quarter.  (Enter all amounts as positive amounts and  subtract where necessary.)   DEWITT INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2012 January February Marc ×  ×  Add:  Less:  × $  × $  Total cost of direct materials purchases
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