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Zira Co. reports the following production budget for the next four months. April May June July Production (units) 702 730 736 716 Each finished unit

Zira Co. reports the following production budget for the next four months.

April May June July
Production (units) 702 730 736 716

Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next months production needs. Beginning raw materials inventory for April was 842 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.)

ZIRA CO.
Direct Materials Budget
For April, May, and June
April May June
Materials needed for production (lbs.)
Total materials requirements (lbs.)
Materials to be purchased (lbs.)
Total budgeted direct materials cost

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