Exercise 20-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 564 pounds. Direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) April May Units to produce 564 605 June 597 July 577 Units to produce Materials required per unit Matenals needed for production (pounds) Add Desired ending materials inventory (pounds) Total materials required (pounds) Less Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases ZIRA COMPANY Direct Materials Budget April May June 0 0 0 0 0 0 $ 0 $ 0 S 0