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Ramos Company provides the following budgeted production for the next four months. table [ [ , April,May,June,July ] , [ Units to produce, 5

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Ramos Company provides the following budgeted production for the next four months.
\table[[,April,May,June,July],[Units to produce,590,720,690,690]]
Each finished unit requires 5 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 590 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June.
\table[[RAMOS COMPANY],[Direct Materials Budget],[,April,May,June,],[Units to produce,590,720,690,units],[Materials required per unit,5,5,5,pounds],[Materials needed for production (pounds),2,950,690,,],[Add: Desired ending materials inventory (pounds),720,5,,],[Total materials required (pounds),3,670,3,600,,],[Less: Beginning materials inventory (pounds),590,690,699,pounds],[Materials to purchase (pounds),3,080,,,],[Materials cost per pound,2.00,2.00,2.00,],[Cost of direct materials purchases,6,160,$,,]]
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