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Miami Solar manufactures solar panels for industrial use. The company budgets production of 4, 900 of units (solar panels) in and 5,000 units in August

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Miami Solar manufactures solar panels for industrial use. The company budgets production of 4, 900 of units (solar panels) in and 5,000 units in August 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, 840 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July

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