3 Exercise 7-8 (Static) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires five 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 683 pounds. Direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your answers to the nearest whole number.) cinto book June April 455 Ray 570 July 540 560 Units to produce ZIRA COMPANY Direct Materials Budget April May June 0 0 0 Materials needed for production (pounds) 0 D 0 Total materials required (pounds) Materials to purchase (pounds) 0 S 0 $ 0 S Cost of direct materials purchases