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Zira Co. reports the following production budget for the next four months. Production (units) April 724 May 765 June 757 July 737 Each finished unit

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Zira Co. reports the following production budget for the next four months. Production (units) April 724 May 765 June 757 July 737 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 724 pounds. Assume direct materials cost $5 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 724 May June 765 757 units 5 lbs. 5 5 3,620 3,825 3,785 lbs. 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 lb. Total budgeted direct materials cost $ 5 $ 5 $ 5 per lb

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