Ruiz Co. provides the following sales forecast for the next four months. June April 680 May 760 July 800 Sales (units) 710 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 272 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April May June 760 710 800 Next month's budgeted sales (units) Ratio of inventory to future sales 40% Required units of available production Units to be produced Zira Co. reports the following production budget for the next four months. June April 614 May 655 July 627 Production (units) 647 Each finished unit requires five pounds 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 921 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.) ZIRA 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