Zira Co. reports the following production budget for the next four months. Production (units) April 682 May 710 June 716 July 696 Each finished unit requires five 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 1,364 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.) * Answer is complete but not entirely correct. o 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 ZIRA CO. Direct Materials Budget For April, May, and June April May 682 710 4X 4 2.728 X 2,840 1.136 X 1,146 X 3,864 X 3,986 X 1,091 X 1.136 X 2.773 % 2.850 X $ $ 4 ls $ 11,092 $ 11.400 X $ June 716 units 4 lbs 2.864 X lbs 1,114 X lbs 3.978 X lbs 1.146 X lbs 2.832 X lbs 4 per lb 11.328 X