The company wants to end each month with ending finished goods inventory equal to 25% of next month’s sales. Finished goods inventory on April 1 is 190 units. Assume July’s budgeted production is 540 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 663 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June.

                            Direct Materials budget  

                                                 April          May  JuneJuly

budgeted production (units)   455      570  560         540

pound per unit                     5                5     5            5

materials needed for production 2275     2850   28002700

budgeted ending inventory     855      840    810  

total materials requirement     3130      3690   3610  

Beginning inventory(lbs)             -663       -855   -840  

materials to be purchased     2467       2835   2770  

materials price per pound       4          4       4  

total cost.                             9868      11340   11080

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