Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350...

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Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 June 580 July 670 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 165 units. Assume July's budgeted production is 580 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 689 pounds. Assume direct materials cost $3 per pound Prepare a production budget for the months of April, May, and June RUZ CO Production Budget For April May, and June April Next month's budgeted sales (units) 630 Ratio of inventory to future sales Regenovable productie Units to be produced Required information Ruiz Co provides the following sales forecast for the next four months 12 Sales (units) April 550 May 530 June 580 July 670 Part 2 of 2 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 165 units. Assume July's budgeted production is 580 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 689 pounds. Assume direct materials cost $3 per pound. 05 points Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Betreces RUIZ CO. Direct Materials Budget For April, May, and June April May Materials needed for production (lbs) Total materials requirements (bs) Materials to be purchased lbs) Total budgeted direct materials cost

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Production Budget :-     April May June   Next months budgeted sales (units) 630 580 670   Ratio of inventory to future sales 30% 30% 30%   Budgeted ending inventory (units) 189 174 201   Budgeted unit sales for month 550 630 580   Required units of available production 739 804 781   Budgeted beginning inventory (units) 165 189 174   Units to be produced 574 615 607    Direct Material Budget :-     April May June    Budgeted production (units) 574 615 607 units   Materials requirement per unit 4 4 4 lbs   Materials needed for production (lbs) 2296 2460 2428 lbs   Budgeted ending inventory (lbs)  (2460 * 30%) =738   (2428 * 30%) =728   (580*4*30%) =696  lbs   Total materials requirement (lbs) 3034 3188 3124 lbs   Beginning inventory (lbs) 689 738 728 lbs   Materials to be purchased (lbs) 2345 2450 2396 lbs   Cost per lb $3 $3 $3 per lb   Total budgeted direct materials cost $7035 $7350 $7188    .

Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350...

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	April	May	June
Next months budgeted sales (units)	630	580	670
Ratio of inventory to future sales	30%	30%	30%
Budgeted ending inventory (units)	189	174	201
Budgeted unit sales for month	550	630	580
Required units of available production	739	804	781
Budgeted beginning inventory (units)	165	189	174
Units to be produced	574	615	607