Required Information Ruiz Co. provides the following sales forecast for the next four months: April 690 May 770 June 720 July 810 Sales (units) 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 138 units. Assume July's budgeted production is 720 units. In addition, each finished unit requires four 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 847 pounds. Assume direct materials cost $4 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 890 May June Budgeted units sales for month 770 720 units Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost