Chapter 20 Homework Saved Help Save & Exit Submit Check my work 2 Zira Co. reports the following production budget for the next four months. Production (units) April 712 May 740 June 746 July 726 11.11 points Each finished unit requires four pounds 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 854 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.) Print References ZIRA CO. Direct Materials Budget For April, May, and June April 712 May June 740 746 units 4 4 4 lbs. 2,848 2,960 2,984 lbs. 888 895 871 lbs. Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost 854 888 895 lbs. 11 Mc Graw Hill