Zira Co. reports the following production budget for the next four months. Apr1 570 June July Production (units) 455 560 540 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. May June 570 560 units 5 lbs ZIRA CO. Direct Materials Budget For April May, and June April Budgeted production (units) 455 Materials requirements per unit 5 Materials needed for production (lbs.) 2.275 Budgeted ending inventory (lbs.) Total materials requirements (lbs) Beginning inventory (lbs.) 663 Materials to be purchased (lbs.) Cost per lb $ Total budgeted direct materials cost 5 2.850 2,800 lbs 4 $ perib