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Ruiz Co. provides the following sales forecast for the next four months: JuneJul 530 610 560 650 Sales (units) The company wants to end each

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Ruiz Co. provides the following sales forecast for the next four months: JuneJul 530 610 560 650 Sales (units) The company wants to end each month with ending fini sales. Finished 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 831 pounds. Assume direct materials cost $4 per pound shed goods inventory equal to 30% of next month's forecasted goods inventory on April 1 is 159 units. Assume July's budgeted production is 560 units. In addition, 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 May (lbs.) Total ts (Ibs.) Prepare a direct materials budget for Apri, May, and June. (Round your intermediate calculations and final answers to the r whole dollar amount.) RUIZ CO Direct Materials Budget For April, May, and June Hint (bs.) Materials to be purchased (l (lbs.)

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