Use the following information for the Exercises below.

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

	April		May		June		July
Sales (units)	570		650		600		690

The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 114 units. Assume July's budgeted production is 600 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 20% of next months production needs. Beginning raw materials inventory for April was 469 pounds. Assume direct materials cost $5 per pound.

Exercise 7-4 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.)

RUIZ CO.
Direct Materials Budget
For April, May, and June
	April	May	June
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	?	?	?

Note: Please solve the problem completely.