Required information Use the following information for the Exercises below Ruiz Co. provides the following sales forecast for the next four months: April May June July 630 ook Sales (units) 510 590 540 int The company wants to end each sales. Finished goods inventory on April 1 is 1 finished unit.requires four pounds (lbs.) of raw materials and the company wants to end each inventory equal to 30% of next month's production needs Beginning raw materials inventory for April was 641 pounds. Assume direct materials cost $5 per pound month with ending finished goods inventory equal to 30% of next month's forecasted Assume July's budgeted production is sk rint ences 540 units. In addition, each 53 units. Exercise 7-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April, May and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) RUIZ CO Next 1 of 1 Prev 1248 PM search Required information Direct Materials Budget For April, May, and June April May Materials needed for production (lbs.) Total materials requirements (ibs.) Materials to be purchased (bs.) otal budgeted direct materials cost 1 of 1 9 8 7 6 5 3 B N M