CONNECT LOGIN Ch 07 Ex 7-4 Help Save & Exit Check Required information Use the following information for the Exercises below. Rulz Co. provides the following sales forecast for the next four months April Mayune July 90540630 Sales (units) 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 153 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires four pounds (lbs.) 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 641 pounds. Assume direct materials cost $4 per pound. Exercise 7-4 Manufacturing: Direct materials budget LO P Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the neare whole dollar amaunt.) Ruiz co. Direct Materials Budget For April, May, and June