3 Zira Co. reports the following production budget for the next four months. Production (units) April 716 May 770 June 748 July 728 8 01:05:51 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials Inventory for April was 1,289 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct, ZIRA CO. Direct Materials Budget For April, May, and June April 716 June May 770 748 units 6 6 6 Ibs. 4,296 Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (Ibs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost 1,848 6,144 % 1,718 % 4,426 X 5 X $ 22,128 $ 4,620 1,795 6,415 X 1,848 4,567 X 4,488 lbs. 1,747 % lbs. 6,235 X Ibs. 1,795 lbs 4,440 Ibs 5x per lb 22,200 SA 5 XS $ 22,836 S