QS 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 4 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materials inventory equal to 20% of the next month's direct materials requirement. As of June 30, the company has 3,360 pounds of direct materials in inventory. Prepare the direct materials budget for July. MIAMI SOLAR Direct Materials Budget July 4,200 Units to produce Materials needed for production (pounds) Total materials required (pounds) ces Materials to purchase (pounds) Cost of direct materials purchases < Prev 2 3 4 of 9 Next >>