ch20 #14

Exercise 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Ramos Company provides the following budgeted production for the next four months. Each finished unit requires 5 pounds of direct materials. 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 690 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June