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Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four month ril May 630 Sales (units) 71 660 758 wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted The company sales. Finished goods inventory on April 1 is 252 units. Assume July's budgeted production is 660 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end inventory equal to 30% of next m Assume direct materials cost $4 per pound. onth s production needs. Beginning raw materials inventory for April was 993 pounds. Exercise 20-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Direct Materials Budget lbs.) (lbs.) s to be