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The company wants to end each month with ending finished goods inventory equal to 20% of next months sales. Finished goods inventory on April 1 is 112 units. Assume Julys budgeted production is 590 units. In addition, each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next months production needs. Beginning raw materials inventory for April was 864 pounds. Assume direct materials cost $5 per pound.

Hospitable Co. provides the following sales forecast for the next four months: April May June July Sales (units) 560 640 590 590 The company wants to end each month with ending finished goods inventory equal to 20% of next month's sales. Finished goods inventory on April 1 is 112 units. Assume July's budgeted production is 590 units. In addition, each finished unit requires five 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 864 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. HOSPITABLE CO Direct Materials Budget For April, May, and June April May June 630 576 590 units Budgeted production (units) Materials requirements per unit Materials needed for production Total materials requirements Materials to be purchased Total cost