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Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,800 units (solar panels) in July and 5.600 units in August. Each unit requires 3 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materials nventory equal to 30% of the next month's direct materials requirement. As of June 30 , the company has 5,220 pounds of direct. materials in inventory. Prepare the direct materials budget for July