0 Required information Ruiz Co provides the following sales forecast for the next four months soles (units) April 620 May 700 June 650 July 740 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales, Finished goods inventory on April 1 is 124 units. Assume July's budgeted production is 650 units. In addition, each finished unit requires five pounds (lbs) of raw materials and the company wants to end each month with raw materials Inventory equal to 40% of next month's production needs Beginning raw materials inventory for April was 1,272 pounds Assume direct materials cost $5 per pound Prepare a direct materials budget for April May and Dune (Round your intermediate calculations and final answers to the neares whole dollar amount.) RUIZ CO. Direct Materials Budget For April, May, and June April May June 73F i Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) RUIZ CO. Direct Materials Budget For April, May, and June April May June Materials needed for production (lbs) Total materials requirements (lbs) Materials to be purchased (lbs) Total budgeted direct materials cost CD