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Chapter 7 Homework Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Zira Co. reports the following production budget for the next four months. Production (units) April 664 May 705 June 697 July 677 points Each finished unit requires six 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 1,195 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) 699 703 691 X units Materials requirements per unit 6 Materials needed for production (lbs.) 4,191 X 4216 4.146 X lbs Budgeted ending inventory (lbs.) 1,265 1,244 X 1.2018 lbs Total materials requirements (lbs.) 5,456 5.459 5.3473 lbs Beginning inventory (lbs.) (1,195) (1.265) (1.244) X lbs Materials to be purchased (lbs.) 4,261 4,195 4.103 lbs Cost per lb 5S 5 per lb Total budgeted direct materials cost 21,302 $ 20,975 $ 20,515