Dana Manufacturing Company manufactures a product called Deluxe. The budgeted units to be produced for the third quarter of 2017 are as follows: 2017 July August September Units to be produced 15,000 10,000 14,000 The units of Deluxe expected to be produced in October 2017 amounts to 12,000 units. It takes 5 pounds of direct materials to produce the Deluxe product. It is the company's policy to maintain an inventory of direct materials on hand at the end of each month equal to 20% of the next month's production needs for direct materials. Direct materials inventory on hand at June 30 were 15,000 pounds and the cost per pound of materials is $7. Required Prepare a direct materials budget for the Deluxe product for the third quarter of 2017.