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Required information Rulz Co. provides the following sales forecast for the next four months: April 680 May 760 June July Sales (units) 710 800 The

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Required information Rulz Co. provides the following sales forecast for the next four months: April 680 May 760 June July Sales (units) 710 800 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 204 units. Assume July's budgeted production is 710 units. In addition, each finished unit requires five pounds (Ibs.) 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 1,056 pounds. Assume direct materials cost $5 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April May June Next month's budgeted sales (units) Ratio of inventory to future sales 710 760 800 30 % Required units of available production Units to be produced Ruiz Co. provides the following sales forecast for the next four months: April 680 May 760 June July Sales (units) 710 800 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 204 units. Assume July's budgeted production is 710 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 month's production needs. Beginning raw materials inventory for April was 1,056 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 710 units 680 760 228 Ibs. 228 228 Materials needed for production (Ibs.) 228 213 Ibs. Total materials requirements (Ibs.) Materials to be purchased (bs.) Total budgeted direct materials cost

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