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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$[[,$April,May,June,July$],[$Units to produce,$590,720,690,690]]$

Each finished unit requires $5$ pounds of direct materials. 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 $590$ 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,$590,720,690,$units$],[,,,,],[$Materials needed for production $($pounds$)],[,,,,],[$Total materials required $($pounds$)],[,,,,0],[$Materials to purchase $($pounds$)],[$Materials cost per pound$],[$Cost of direct materials purchases,,,,$]$