Ch 07 Ex 7-4 Saved Help Save & Exit Submit Check my work Zira Co. reports the following production budget for the next four months. Production (units) April 544 May 585 June 577 July 557 points Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 653 pounds. Assume direct materials cost $4 per pound. eBook Hint Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Ask Print References ZIRA CO. Direct Materials Budget For April, May, and June April May June Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost