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Zira Co. reports the following production budget for the next four months. Production (units) April 534 May 575 June 567 July 547 Each finished unit

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Zira Co. reports the following production budget for the next four months. Production (units) April 534 May 575 June 567 July 547 Each finished unit requires six 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 1,282 pounds. Assume direct materials cast $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.) & Answer is not complete. ZIRA CO. Direct Materials Budget For April, May, and June April May June 543 X 575 567 units 6 6 6 lbs. 3,258 X 3,450 3,402 lbs. > 1,380 1,361 1,313 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.) Materials to be purchased Total budgeted direct materials cost 4,638 X 4,811 O 4,715 lbs. 3,302 x 3,431 3,354 lbs

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