Moreno Industries has adopted the following production budget for the first 4 mo

Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units January 10000 March 5000February 8000 April 4000Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31 2010 the ending raw materials inventory was 9000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next months production requirements.Required:Complete the direct materials purchases budget by month for the first quarter.