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Help Exercise 20-9(Algo) Manufacturing: Direct materials budget LO P1 Ramos Company provides the...

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Exercise 20-9(Algo) Manufacturing: Direct materials budget LO P1
Ramos Company provides the following budgeted production for the next four months.
\table[[,April,May,June,July],[Units to produce,590,720,690,690]]
Each finished unit requires 5 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 590 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June.
\table[[RAMOS COMPANY],[Direct Materials Budget],[,April,May,June,],[Units to produce,590,720,690,units],[,,,,],[Materials needed for production (pounds)],[,,,,],[Total materials required (pounds)],[,,,,0],[Materials to purchase (pounds)],[Materials cost per pound],[Cost of direct materials purchases,,,,]
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