Ch 07 Ex 73 A Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. points Sales (units) April 550 May 630 June 580 July 670 eBook The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 220 units. Hint Prepare a production budget for the months of April, May, and June. Ask RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 630 Ratio of inventory to future sales 40% May Print June 670 580 References Required units of available production Units to be produced Ch 07 Ex 7-4 1 Exercise 07-4 Manufacturing: Direct materials budget LO P1 10 points Zira Co. reports the following production budget for the next four months. Production (units) April 686 May 740 June 7 18 July 698 eBook Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 686 pounds. Assume direct materials cost $6 per pound. Hint Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Ask ZIRA CO. Direct Materials Budget For April, May, and June April May Print June References Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost