Managerial Accounting: E9-5 Dallas Industries has adopted the following production budget

Managerial Accounting
E9-5
Dallas Industries has adopted the following production budget for the first 4 months of 2014.
Month Units Month Units
January 10,100 March 5,250
February 8,260 April 4,200
Each unit requires 4 pounds of raw materials costing $4 per pound. On December 31, 2013, the ending raw materials inventory was 9,310 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements.

Instructions:
Prepare a direct materials purchases budget by month for the first quarter.
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