Required information Ruiz Co. provides the following sales forecast for the next four months: April May July Sales (units) 570 650 600 690 June The company wants to end each month with ending finished goods Inventory equal to 30% of next month's forecasted sales, Finished goods inventory on April 1 is 171 units. Assume July's budgeted production is 600 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1,069 pounds. Assume direct materials cost $4 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 650 Ratio of inventory to future sales 30% May Juno 600 690 Required units of available production Units to be produced Required information Ruiz Co provides the following sales forecast for the next four months: Apr1 May Sales (unit) 370 650 June 600 July 690 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 171 units. Assume July's budgeted production is 600 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1,069 pounds. Assume direct materials cost $4 per pound. Prepare a direct materiais budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) RUIZ CO Direct Materials Budget For April May, and June April May June Materials needed for production () Total materials requirements (bs) Materials to be purchased (lbs) Total budgeted direct materials cost