Moreno Industries_Direct Materials Purchases Budget

Moreno Industries has adopted the following production budget for the first 4 months of 2013.
                   Month        Units                    Month        Units
                   January     10,000       March        5,000
                   February      8,000       April            4,000
Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2012, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.

Complete the direct materials purchases budget by month for the first quarter.

MORENO INDUSTRIES
Direct Materials Purchases Budget
For the Quarter Ending March 31, 2013

                   January     February    March
                     ×               ×                 × 
Total pounds needed for production
Add: 
Total materials required
Less: 
Direct materials purchases                    × $    × $    × $ 
Total cost of direct materials purchases            $       $       $