July- 1,510 Loaves

August- 1,940 Loaves

September- 1,740 Loaves

October- 1,580 Loaves

The Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.50 per pound of the organic flour used in its loaves. Th bakery expects to produce the following number of loaves in each of the upcoming four months: Click the icon to view the units to be produced.) The bakery has a policy that it will have 10% of the following month's flour needs on hand at the end of each month. At the end of June, there were 76 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.)