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Zira Co. reports the following production budget for the next four months. Production (units) April 642 May 670 June 676 July 656 Each finished unit
Zira Co. reports the following production budget for the next four months. Production (units) April 642 May 670 June 676 July 656 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 1,284 pounds. Assume direct materials cost $3 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 1 Budgeted production (units) Materials requirements per unit s 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
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