Check my work Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months Sales (units) 600 630 720 nt The company wants to end each month with ending finished goods inventory equal to 20% of next month's f sales. Finished goods inventory on April 1 is 120 units. Assume July's budgeted production is 630 units, In addition, each finished unit requires five pounds (bs.) of raw materials and the company wants to end inventory equal to 40% of next month's production needs. Beginning raw materials in Assume direct materials cost $4 per pound orecasted nt h month with raw materials for April was 1.232 pounds. Exercise 7-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) RUIZ co 1 of 1Next 10 Direct Materials Budget ending per lb O Type here to search