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Zira Co. reports the following production budget for the next four months. April May June July...

Zira Co. reports the following production budget for the next four months.

April May June July
Production (units) 706 760 738 718


Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month’s production needs. Beginning raw materials inventory for April was 1,130 pounds. Assume direct materials cost $5 per pound.

Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

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