Monty Manufacturing manufactures two products, [1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: Units of Product 2022 Regular Deluxe Total July 11,700 15,000 26,700 August 5,800 11,100 16,900 September 8,500 13,500 22,000 October 8,200 12,200 20,400 It takes 3 pounds of direct materials to produce the Regular product and 6 pounds of direct materials to produce the Deluxe product. It is the company's policy to maintain an inventory of direct materials at the end of each month equal to 30% of the next month's production needs for the Regular product and 20% ofthe next month's production needs for the Deluxe product. Direct materials inventory on hand at June 30 were 10,530 pounds for the Regular product and 18,000 pounds for the Deluxe product. The cost per pound of materials is $ 5 for the Regular product and $ 8 for the Deluxe. Prepare separate direct materials budgets for each product for the third quarter of 2022. MONTYMANUFACTURING Direct Materials Budget-Regular July August to to to $September Total $ $MONTYMANUFACTURING Direct Materials Budget-Deluxe July August $ $September Total $ LA