3 Required information Miami Solar manufactures solar panels for Industrial use. The company budgets production of 4,300 units (solar panels) in July and 5,100 units in August B points 2 02:51 Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materials Inventory equal to 20% of the next month's direct materials requirement. As of June 30, the company has 2,580 pounds of direct materials in Inventory. Prepare the direct materials budget for July MIAMI SOLAR Direct Materials Budget July 4,300 Units to produce Materials needed for production (pounds) Total materials required pounds) Materials to be purchased (pounds) Cost of direct materials purchases