Zira Co. reports the following production budget for the next four months. April Production (units) 455 May 570 June 560 July 540 Each finished unit requires five pounds 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 663 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) 455 570 540 units Materials requirements per unit 5 5 5 lbs. Materials needed for production (lbs.) 2,275 2,850 2,800 lbs. Budgeted ending inventory (lbs.) 855 840 810lbs. Total materials requirements (lbs.) 3,130 3,690 3,610 lbs. Beginning inventory (lbs.) (663) (855) (840) Ibs. Materials to be purchased (lbs.) 2,467 2,835 2,770 lbs. Cost per Ib. $ 4 $ 4 S 4 per lb. Total budgeted direct materials cost $ 9,868 $ 11,340 S 11,080 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted