S9-5 (similar to) Question Help The Bakery by the Sea produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of he follow ng month's flour needs on hand at the end of each month. At the end of June, there were 148 pounds of flour on hand. Prepare the direct materials budget or the third quarter with a column for each month and for the quarter Begin the direct materials budget by determining the total quantity needed, then complete the budget (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) The Bakery by the Sea Direct Materials Budget For the Months of July through September Data Table July August September Quarter Units to be produced Multiply by: Pounds of flour needed per unit Quantity needed (bs) for production Plus: Desired ending inventory of direct materials Total quantity (lbs) needed July August September October 1,480 loaves 1,920 loaves 1,720 loaves 1,520 loaves Print Done