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Show transcribed image text Dewitt Industries has adopted the following production budget for the first 4 months of 2017. Each unit requires 3 pounds of raw materials costing 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.

Dewitt Industries has adopted the following production budget for the first 4 months of 2017. Each unit requires 3 pounds of raw materials costing $2 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.

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