Champ Incorporated budgets the following sales in units for the coming two months. Each month's en should be 60% of the next month's sales. The April 30 finished goods inventory is 138 units. Prepare the production budget for May. Champ Incorporated budgets the following sales in units for the coming two months. Each month's ending inventory of finished units should be 60% of the next month's sales. The April 30 finished goods inventory is 138 units. Prepare the production budget for May. Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,500 units (solar panels) in July and 4,800 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 40% of the next month's direct materials requirement. As of June 30 , the company has 5,400 pounds of direct materials in inventory. Prepare the direct materials budget for July. Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,500 units (solar panels) in July and 4,800 units in August. Each unit requires 5 hours of direct labor at a rate of $10 per hour. Prepare a direct labor budget for July