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Miami Solar manufactures solar panels for industrial use The company budgets production of 5.000 units (solar panels) in July and 5.300 units in August. Each

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Miami Solar manufactures solar panels for industrial use The company budgets production of 5.000 units (solar panels) in July and 5.300 units in August. 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 4.500 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July

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