Required informationUse the following information for the Exercises below.

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

AprilMayJuneJulySales (units)610690640730

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 244 units. Assume July's budgeted production is 640 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 20% of next month's production needs. Beginning raw materials inventory for April was 514 pounds. Assume direct materials cost $5 per pound.

Exercise 7-4 Manufacturing: Direct materials budget LO P1

help prepare a direct materials budget for April, May, and June.(Round your intermediate calculations and final answers to the nearest whole dollar amount.)

Total materials requirements (lbs) Materials to be purchased (lbs.) Total budgeted direct materials cost