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Zira Co. reports the following production budget for the next four months. April 524 Production (units) May 565 June 557 July 537 Each finished unit

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Zira Co. reports the following production budget for the next four months. April 524 Production (units) May 565 June 557 July 537 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1.258 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.) June ZIRA CO. Direct Materials Budget For April, May, and June April May Budgeted production (units) 5247 5657 Materials requirements per unit 6 Materials needed for production (bs) 3,144 3200 3,390 Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs) Cost per lb Total budgeted direct materials cost 557 units 6 lbs 342 tbs 3

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