Oriole Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,270 March 5,390 February 8,270 April 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 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. ORIOLE INDUSTRIES Direct Materials Purchases Budget January February March : : $ $ $ $ $ $