Atlantic Surf manufactures surfboards. The company's sales budget for the next three months is shown below. In addition, company policy is to maintain finished goods inventory equal (in units) to 40% of the next month's unit sales. As of June 30, the company has 1.440 finished surfboards in inventory, which complies with the policy. July August September Sales (in units) 3,600 7,100 2,880 Prepare a production budget for the months of July and August ATLANTIC SURF Production Budget July and August July August Budgeted ending inventories July August Required units of available production 0 Units to be produced Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,500 units (solar panels) in July and 5,000 units in August. 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 2.700 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July MIAMI SOLAR Direct Materials Budget For Month Ended July 31 Budget production (units) 4,500 Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs) Budgeted cost of direct materials purchases 0 Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4.500 units (solar panels) in July and 5,000 units in August. Each unit requires 4 hours of direct labor at a rate of $19 per hour. Prepare a direct labor budget for July MIAMI SOLAR Direct Labor Budget For Month Ended July 31 Budgeted production 4,500 Total lobor hours needed Budgeted cost of direct labor