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Required information Miami Solar manufactures solar panels for industrial use. The company budgets production of 4 , 6 0 0 units ( solar panels )

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Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,600 units (solar panels) in
July and 4,300 units in August.
Each unit requires 3 pounds of direct materials, which cost $7 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 2.760 pounds of direct
materials in inventory. Prepare the direct materials budget for July.
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