Required information

Ruiz Co. provides the following sales forecast for the next four months:

	April		May		June		July
Sales (units)	660		740		690		780

The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 264 units. Assume July's budgeted production is 690 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next months production needs. Beginning raw materials inventory for April was 1,038 pounds. Assume direct materials cost $4 per pound.

RUIZ CO.
Direct Materials Budget
For April, May, and June
	April	May	June
Materials needed for production (lbs.)
Total materials requirements (lbs.)
Materials to be purchased (lbs.)
Total budgeted direct materials cost