Required information Ramos Co provides the following sales forecast and production budget for the next four months Part 1 of 2 Sales (units) Budgeted production (units) April 660 600 May 740 730 June 690 700 July 760 7ee points The company plans for finished goods inventory of 280 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 materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 600 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.40 hours of direct labor at the rate of $15 per hour. The company budgets variable overhead at the rate of $19 per direct labor hour and budgets fixed overhead of $9.600 per month Prepare a direct materials budget for April, May, and June. References May June 700 units 730 RAMOS CO. Direct Materials Budget For April, May, and June April Budget production (units) 600 Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) T Materials to be purchased (lbs.) 0 Materials price per pound Budgeted cost of direct materials purchases / O 0 0 4