Ch. 7 - 4: Prepare a direct materials budget for April-June.

Required informetion Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: 10 points Sales (units) 670 756 700 790 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 268 units. Assume July's budgeted production is 700 units. In addition, each finished unit requires five pounds (bs.) 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 1,404 pounds. Assume direct materials cost $4 per pound. k 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 enswers to the nearest whole doller amount.) Print Direct Materials Budget For April, May, and June April May June Budgeted production (units) Materials requirements per unit Materials needed for production (bs) Budgeted ending inventory (Ibs) Total materials requirements (bs.) lbs eginning inventory (bs) Materials to be purchased (Ibs ) Total budgeted direct materials cost