Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 594 635 627 Each finished unit requires four 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 475 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 May April June Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (Ibs.) Total budgeted direct materials cost Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished goods inventory for the first quarter will be 147,000 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 294,000 units; third quarter, 214,000 units; and fourth quarter, 464,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 50% of the next quarter's budgeted sales Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. ELECTRO COMPANY Production Budget Second and Third Quarters Second Quarter Third Quarter Budgeted ending inventory (units) Budgeted unit sales for quarter Required units of available production Budgeted beginning inventory (units) Units to be produced