Zira Co reports the following production budget for the next four months. April May June July Production (units) 574 615 607 587 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 1,378 pounds Assume direct materials cost $4 per pound W Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. Budgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs) Total materials requirements (lbs) Beginning inventory (lbs) Materials to be purchased (lbs) Cost per ib. Total budgeted direct matenals cost ZIRA CO. Direct Materials Budget For April, May, and June April May 574 615 5% 5 2,870 3,075 % 607 3,485 3,682 574 X 615 % 2,911 3,0678 IS 4S 4S $ 17.466 18,402 $ 515 June 607 units 5 Ibs 3,035 Ibs 587 lbs 3,622 607 lbs 3,015 lbs 4 per lb 18,090 lbs > 5