Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months: rt 1 of 2 Sales (units) Budgeted production (units) 680 718 620 750 728 720 The company plans for finished goods inventory of 300 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 930 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.60 hours of direct labor at the rate of $17 per hour. The company budgets variable overhead at the rate of $21 per direct labor hour and budgets fixed overhead of $9,800 per month. nts Book Exercise 22-8 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May, and June. RAMOS CO. References 720 units 750 Materials needed for production (Ibs.) (Ibs.) Total m Materials to be purchased (lbs ) Materials price per pound