Exercise $20-9($Algo$)$ Manufacturing: Direct materials budget LO P$1$

Ramos Company provides the following budgeted production for the next four months.

$\backslash$table$[[$Units to produce,April,May,June July,$],[,640,770,740,740]]$

Each finished unit requires $5$ pounds of direct materlals. 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 $960$ pounds. Direct materials cost $$2$ per pound. Prepare a direct materials budget for April, May, and June.

$\backslash$table$[[$RAMOS COMPANY$],[$Direct Materials Budget$],[,$April,May,June,$],[$Units to produce,$640,770,740,$units$],[5,,,,],[$Materials needed for production $($pounds$)],[,,,,],[$Total materials required $($pounds$)],[,,,,],[\backslash$table$[[$Materials to purchase $($pounds$)],[$Materials cost per pound$]]],[\backslash$table$[[$Materials cost per pound$],[$Cost of direct materials purchases$]]],[$Cost of direct materials purchases,,,,$]]$