Miami Solar manufactures solar panels for industrial use. The company budgets production of $5,300$ units $($solar panels$)$ in July and $6,100$ units in August.Each unit requires $2$ pounds of direct materials, which cost $$6$ per pound. The companys policy is to maintain direct materials inventory equal to $40\%$ of the next months direct materials requirement. As of June $30,$ the company has $4,240$ pounds of direct materials in inventory. Prepare the direct materials budget for July.