Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300 units (solar panels) in July and 6,200 units in August. 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 materiais requirement. As of June 30 , the company has 4.770 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July