Exercise 20-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. June July April 564 May 605 Production (units) Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 677 pounds. Assume direct materials cost $6 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.) Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) June ZIRA CO. Direct Materials Budget For April, May, and June April May Budgeted production (units) 564 Materials requirements per unit 6 Materials needed for production (lbs.) Budgeted ending inventory (lbs) Total materials requirements (lbs.) 605 597 3,582 Materials to be purchased (lbs.) Total budgeted direct materials cost