Vaughn Industries has adopted the following production budget for the first 4 months of 2020 Month Units Month Units January 10,110 March 5,330 February 8,130 April 4,120 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 10,110 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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