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Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 530 May 610 June 560 July 650 The company
Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 530 May 610 June 560 July 650 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 212 units. Assume July's budgeted production is 560 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 20% of next month's production needs. Beginning raw materials inventory for April was 674 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.) Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.): Total budgeted direct materials cost RUIZ CO Direct Materials Budget For April, May, and June April May June
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