Ramos Co. provides the following sales forecast and production budget for the next four months: Exercise 7-8 Manufacturing: Direct materials budget April May June July Sales (units)... Budgeted production (units) ............ 500 442 580 570 530 544 600 540 The company plans for finished goods inventory of 120 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materias inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April 663 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.50 hours of direct laboral rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct laborum budgets fixed overhead of $8,000 per month. Prepare a direct materials budget for April, May, and su Roforto Coroico 7 9 Dann (1) 1 M