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 30% of the next month's direct materials requirement. As of June 30, the company has 6,240 pounds of direct materials in inventory Prepare the direct materials budget for July MIAMI SOLAR Direct Materials Bodget Units to produce Materials needed for production (pounds) Tutal materials required (pounds) Materials to purchase (pounds) July 5,200