Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,100 units (solar panels) in July and 4,900 units in August. QS 20-13 Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $7 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 4,590 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July