Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,100 units (solar panels) in July and 4,800 units in August QS 22-13 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 40% of the next month's direct materials requirement. As of June 30, the company has 6,120 pounds of direct materials in Inventory, which complies with the policy. Prepare a direct materials budget for July MIAMI SOLAR Direct Materialet For Month Ended Budget production) per pound or productions at Badanding intory 5.100 Bing intory) 3.120 pernd od purch