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Use the following information for the Exercises below Ruiz Co. provides the following sales forecast for the next four months: Part 2 of 2 630
Use the following information for the Exercises below Ruiz Co. provides the following sales forecast for the next four months: Part 2 of 2 630 718 750 2.14 points 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 252 units. Assume July's budgeted production is 660 units. In addition, each finished unit requires five pounds (lbs.) 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 993 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.) 8 Answer is complete but not entirely correct. For April, May, and June Ma 662 Materials requirements per unt 3,450 3830 bs 1,035 4,494 1,035 1.089 (lbs.) 993 per Ib. 13,836s 14.124
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