Ruiz Co. provides the following sales forecast for the next four months April May Ju July 630 Sales (units) 510 590 540 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 204 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires six 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 976 pounds Assume direct materials cost $5 per pound repare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest hole dollar amount.) RUIZ CO Direct Materials Budget For April, May, and June April May June 576 units 6 lbs Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (Ibs.) Beginning inventory (Ibs.) Materials to be purchased (Ibs.) Cost per lb Total budgeted direct materials cost 542 570 3,252 3,420 3,456 lbs