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Zira Co. reports the following production budget for the next four months. Production (units) April 692 May 720 June 726 July 706 Each finished unit

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Zira Co. reports the following production budget for the next four months. Production (units) April 692 May 720 June 726 July 706 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 1,661 pounds. Assume direct materials cost $6 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 April May June Materials to be purchased Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost

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