Ramos Company provides the following budgeted production for the next four months. Units to produce April 520 May June 650 620 July 620 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 780 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June. RAMOS COMPANY Direct Materials Budget April Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases 520 5 2,600 May June 650 620 units 5 3,250 5 pounds 3,100 pounds 930 pounds 0