Hospitable Co. provides the following sales forecast for the next four months: Sales (units) April May June July 580 660 610 610 The company wants to end each month with ending finished goods inventory equal to 40% of next month's sales. Finished goods inventory on April 1 is 232 units. Assume July's budgeted production is 610 units. In addition, 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 918 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. HOSPITABLE CO. Direct Materials Budget For April, May, and June April May 612 June 640 610 units 5 5 5 lbs. 3,060 3,200 3,050 lbs. Budgeted production (units) Materials requirements per unit Materials needed for production Budgeted ending inventory (lbs.) Total materials requirements Beginning inventory (lbs.) Materials to be purchased Cost per lb (918) lbs. $ 4 $ 4 $ 4 per lbs. Total cost