07 Ex 7-4 6 Saved Help Save & Exit Submit Check my work 9 Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months ints Sales (units) 00 580 530620 eBook Hint Ask Print 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 150 units. Assume July's budgeted production is 530 units. In addition, each finished unit requires six pounds (bs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 943 pounds. Assume direct materials cost $5 per pound. Exercise 7-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Graw Prey 1 of 1 Next 3 Check my wo Required information Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) oints eBook Hint Ask Print RUIZ CO Direct Materials Budget For April, May, and June April May June Materials requirements per unit lbs. erials needed for production (bs.) ending inventory (Ibs.) Total materials requirements (Ibs eginning inventory (bs.) Materials to be purchased (bs.) Cost per ib. Total budgeted direct materials cost 943 lbs. 5 per lb. Prev 1 f ENext> 3 Ma