Miami Solar manufactures solar panels for industrial use. The company budgets production of $4,100$ units $($solar panels$)$ in July and $5,400$ units in August.

QS $20-13$ Manufacturing: Direct materials budget LO P$1$

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 $3,690$ pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.

$\backslash$table$[[$MIAMI SOLAR$],[$Direct Materials Budget$],[$For Month Ended July $31],[$Budget production $($units$),],[,4,100],[$Materials needed for production $($Ibs$.),],[,],[$Total materials requirements $($Ibs$.),],[,],[$Materials to be purchased $($Ibs$.),],[,],[\backslash$table$[[$Budgeted cost of direct materials$],[$purchases$]],]]$