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Zira Co. reports the following production buaget for the next four months. Production (units) April 534 May 575 June 567 July 547 Each finished unit

Zira Co. reports the following production buaget for the next four months. Production (units) April 534 May 575 June 567 July 547 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 534 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) 534 575 567 units Materials requirements per unit Materials needed for production (lbs.) 5 5 5 lbs. 2,670 2,875 2,835 lbs. Budgeted ending inventory (lbs.) 575 567 lbs. Total materials requirements (lbs.) 3,245 3,442 lbs. Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. $ $ 4 per lb. Total budgeted direct materials cost

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