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USE Inc IUIIUWIllg IIIIUTIIIGIIUII IUT Ine EXCICI5C5 UCIUW. Ruiz Co. provides the following sales forecast for the next four months: April May June July Sales (units) 620 700 650 740 The company wants to end each month with ending nished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 186 units. Assume July's budgeted production is 650 units. In addition, each finished unit requires ve pounds (lbs.) 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 644 pounds. Assume direct materials cost $3 per pound. K Exercise 20-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and nal answers to the nearest whole dollar amount.) Materials needed for production (lbs. ) __ Materials to be purchased (Ibs.) __ _ Total budgeted direct materials cost