14 ! Part 1 of 2 Required information Use the following information for the Exercises below. Ramos Co provides the following sales forecast and production budget for the next four months 588 points April 540 480 May 620 Sales (units) Budgeted production (units) June 570 580 July 640 580 610 eBook Hint Print The company plans for finished goods inventory of 160 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 720 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct labor at the rate of $20 per hour. The company budgets variable overhead at the rate of $24 per direct labor hour and budgets fixed overhead of $8,400 per month References 14 Required information Prepare a direct materials budget for April, May, and June. Part 1 of 2 5.88 points May June 610 580 units BOOK Hint RAMOS CO. Direct Materials Budget For April May, and June April Budget production (units) 480 Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs) Total materials requirements (lbs) Beginning inventory (lbs) Materials to be purchased (lbs) 0 Materials price per pound Budgeted cost of direct materials purchases Print References 10 0 0