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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 30%

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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 30% of the next month's direct materials requirement. As of June 30 , the company has 4,500 pounds of direct materials in inventory. \begin{tabular}{|r|r|r|} \hline Poundsperunit & Costperpound & Materialsrequlrement \\ \hline 3 & $6 & 30% \\ \hline \end{tabular} Required: Prepare the direct materials budget for July. (Use cells A2 to J8 from the given information to complete this question. Negative amounts or amounts to be deducted should be input and displayed as negative values.)

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