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Zira Co. reports the following production budget for the next four months. April Production (units) May 640 586 June 618 July 598 Each finished unit

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Zira Co. reports the following production budget for the next four months. April Production (units) May 640 586 June 618 July 598 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory eq to 20% of next month's production needs. Beginning raw materials inventory for April was 586 pounds. Assume direct materials cos $5 per pound. Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) May June 640 618 units ZIRA CO. Direct Materials Budget For April, May, and June April Budgeted production (units) 586 Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs) Total materials requirements (lbs) Beginning inventory (lbs) Materials to be purchased (lbs) ZIRA CO. Direct Materials Budget For April, May, and June April 586 May June 640 618 units Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) (Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb Total budgeted direct materials cost 5$ 5 $ 5 per lb

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