20, 21 & 22 Help Sav Required information Ruiz Co. provides the following sales forecast for the next four months: Sales units) April 580 May 660 June 610 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month with raw material inventory equal to 20% of next month's production needs. Beginning raw materials inventory for Aont was 725 pounds Assume direct materials cost $4 per pound. are a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the neare e dollar amount.) RUIZ CO. Direct Materials Budget For April, May, and June April May June Assume direct materials cost $4 per pound. Prepare a production budget for the months of April, May, and June. May 610 RUIZ CO. Production Budget For April, May, and June I April Next month's budgeted sales (units) 660 Ratio of inventory to future sales 30% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced ih 20, 21 & 22 Prepare a direct materials budget for April May, and June. (Round your intermediate calculation and whole dollar amount.) RUZ CO Direct Materials Budget For April, May, and June April May Materials needed for production (lbs) Total materials requirements (lbs) Materials to be purchased (lbs.) Total budgeted direct materials cost 27 Next >