Cheri Required information Use the following information for the Quick Study below Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,800 units (solar panels) in July and 5,100 units in August QS 20-13 Manufacturing: Direct materials budget LO P Each unit requires 4 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 7,680 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July MIAMI SOLAR Direct Materials Budgut For Moeth Ended July 31 4.000 Budget producdion (units) Materials needed for production (bs) 4 5 6 of 6 search