Check April May June July 670 Sales (units) 550 630 580 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. Assume July's budgeted production is 580 units. In addition, each finished unit requires five pounds (bs.) 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 873 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final to the nearest whole dollar amount) RUIZ CO. Direct Materials Budget For April, May, and June es April May June Budgeted production (units) Materials requirements per unit Materials needed for production (Ibs.) Budgeted ending inventory (bs.) Total materials requirements (Ibs.) Beginning inventory (lbs.) Materials to be purchased (Ibs.) Cost per lb. Total budgeted direct materials cost 582 5 2,910 610 5 3,050 616 units 5 Ibs 3,080 lbs 873 915 924 Ibs lbs. K Prev 5 of 6 Next>