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

	April		May		June		July
Sales (units)	660		740		690		780

The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 198 units. Assume July's budgeted production is 690 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 40% of next months production needs. Beginning raw materials inventory for April was 1,094 pounds. Assume direct materials cost $4 per pound.

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.)

Not all the numbers in here are correct

Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost RUIZ CO. Direct Materials Budget For April, May, and June April May June 684 725 717 units 44 4 lbs. 2,736 2,900 2,868 lbs. 1,094 1,160 1,147 lbs. 3,830 4,060 4,015 lbs. (1,094)| (1,094) (1,160) Ibs. 2,736 2,966 2,855 lbs. 4 $ 41 $ 4 per lb. $ 10,944/ $ 11,864/ $ 11,420