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please fully solve and show steps/calculations. thank you 22 Seve & Exit Sub...

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Accounting

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please fully solve and show steps/calculations. thank you

22 Seve & Exit Sub Required information Ruiz Co provides the following sales forecast for the next four months Sales units) The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on Aprilis 207 units Assume July's budgeted production is 720 units. In addition, each finished unit requires four pounds (lbs) 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 1142 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.) RUIZ CO. Direct Materials Budget For April May, and June April May June 8321 720 units Hudgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs) Total materials requirements (bs) Beginning inventory (bs) Materials to be purchased lbs) Total budgeted direct materials cost 625 PM

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