Ramos Company provides the following budgeted production for the next four months. Units to produce April 640 May 770 June 740 July 740 Each finished unit requires 5 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 960 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June. RAMOS COMPANY Direct Materials Budget April May June Units to produce 640 770 740 units Materials needed for production (pounds) Total materials requirements (pounds) 0 Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases