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Required information Ruiz Co provides the following sales forecast for the next four months Sales...

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Accounting

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Required information Ruiz Co provides the following sales forecast for the next four months Sales (units) 680 760 710 800 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 April 1 is 204 units. Assume July's budgeted production is 710 units. In addition, each finished unit requires four pounds (Ibs) of raw materials and the company wants to end each month with raw materi als inventory equal to 20% of next month's production needs Beginning raw matenals inventory for April was 63 pounds. Assume direct materials cost $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.) Direct Materials Budget For April, May, and June April May Materials needed for production (s Total materials requirements (ibs) Materials to be purchased (lbs) Total budgeted direct materials cost

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