Two pounds of raw materials are needed to produce one product. The desired ending balance of raw materials is 10% of the of the next month's production needs. (Refer to your answer in Activity Sheet 06). The beginning inventory of raw materials in April is 500 pounds, and raw material cost per unit is P 0.50/per pound. The desired ending inventory of raw materials for June amounted to 500 pounds. Using the table below, prepare a raw materials purchase budget for the month of April, May and June. Raw Materials Purchase Budget April May June Total Required production in units Raw materials required to produce one unit (pounds) Production needs (pounds) Add desired ending inventory of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased (pounds) Cost of raw materials per pound Cost of raw materials to be purchased Two pounds of raw materials are needed to produce one product. The desired ending balance of raw materials is 10% of the of the next month's production needs. (Refer to your answer in Activity Sheet 06). The beginning inventory of raw materials in April is 500 pounds, and raw material cost per unit is P 0.50/per pound. The desired ending inventory of raw materials for June amounted to 500 pounds. Using the table below, prepare a raw materials purchase budget for the month of April, May and June. Raw Materials Purchase Budget April May June Total Required production in units Raw materials required to produce one unit (pounds) Production needs (pounds) Add desired ending inventory of raw materials (pounds) Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased (pounds) Cost of raw materials per pound Cost of raw materials to be purchased