Question: Required Information Ruby Company has a raw materials inventory on hand at the end of each month that must be equal to 60% of the

 Required Information Ruby Company has a raw materials inventory on hand

Required Information Ruby Company has a raw materials inventory on hand at the end of each month that must be equal to 60% of the following month's production needs for raw materials. The raw materials inventory on April 1 for material ZZlop is budgeted to be 70.000 pounds. The company's product requires five pounds of material ZZ Top in the manufacture of each unit A budgeted production for the company's product for second and third quarters of the year follows. Production (units) April 8,800 May 118,888 June 139,899 July 178,888 August 15e,eee Required: Prepare a direct materials budget showing the quantity of material ZZ Top to be purchased for April, May. and June. (Input all amounts os positive values.) RUBY COMPANY Direct Materials Budget For April May, and June n famies| Materials needed for production is Tota mater als registerrenis 01 o be purchased

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