Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co, reports the following production budget for the next four months. April July Production (units) 622 650 656 656 636 Each finished unit requires five 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 933 pounds. Assume direct materials cost $5 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.) ZIRA CO Direct Materials Budget For April May, and June April May Budgeted production (units) 022 050 Materials requirements per un Materials needed for production ( ) 3,1101 3 .250 Budgeted ending inventory ibs) Total materials requirements Benning inventory Materials to be purchased (s) Cost per lo 555 Tot begeed dret materials cost June 050/unit Blis 3.280 1 of 1