Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: April May June July 780 Sales (units) 660 740 690 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 198 units. Assume July's budgeted production is 690 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 1,231 pounds. Assume direct materials cost $3 per pound Exercise 20-4 Manufacturing: Direct materials budget LO P1 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 units sales for month Budgeted production (units) Materials needed for production (Ibs.) Budgeted ending inventory (Ibs.) Total materials requirements (Ibs.) eginning inventory (Ibs.) Materials to be purchased (bs.) Cost per b Total budgeted direct materials cost