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Miami Solar manufactures solar panels for industrial use. The company budgets production of 5 , 3 0 0 units ( solar panels ) in July

Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300 units (solar panels) in July and 4,600 units in August.
Each unit requires 3 pounds of direct materials, which cost $7 per pound. The companys policy is to maintain direct materials inventory equal to 20% of the next months direct materials requirement. As of June 30, the company has 3,180 pounds of direct materials in inventory. Prepare the direct materials budget for July.

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