Required Information Ramos Co. provides the following sales forecast and production budget for the next four months Sales (units) Budgeted production (units) April May 690770 630 760 June 720 730 July 799 730 The company plans for finished goods inventory of 310 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 630 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.30 hours of direct labor at the rate of $18 per hour. The company budgets variable overhead at the rate of $22 per direct labor hour and budgets fixed overhead of $9.900 per month Prepare a direct materials budget for April, May, and June RAMOS CO. Direct Materials Budget For April, May, and June April Budget production (units) Materials needed for production (lbs) Total materials requirements (lbs.) Materials to be purchased (lbs.) Materials price per pound Budgeted cost of direct materials purchases