Required information Ruiz Co. provides the following sales forecast for the next four months April MayJune July 640 Sales (units) 520 600 550 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 104 units. Assume July's budgeted production is 550 units. In addition, each finished unit requires four pounds (bs.) 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 643 pounds Assume direct materials cost $5 per pound Prepare a direct materials 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 Budgeted production (units) aterials requirements per unit Materials needed for production (Ibs.) 4 lbs udgeted ending inventory (Ibs.) Total materials requirements (Ibs.) Beginning inventory (Ibs.) Materials to be purchased (Ibs.) Cost per l Total budgeted direct materials cost