Summit Breads produces organic bread that is sold by the loaf. Each loaf requires 0.5 kg of flour. The company pays $3.20 per kilogram of the organic flour used in its loaves. Summit Breads expects to produce the following number of loaves in each of the upcoming four months: E: (Click the icon to view the units to be produced.) The company's policy is to have 10% of the following month's flour needs on hand at the end of each month. At the end of June, there were 85 kg of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, and then complete the budget. (Enter the kilogram per unit as a decimal to two places. Round your calculations to the nearest whole number.) Summit Breads Direct Materials Budget - For the Months of July through September August Data Table July September Quarter Units to be produced Kilograms of flour needed per unit Quantity needed (kg) for production July 1,560 loaves 1,960 loaves August September October 1,600 loaves 1,450 loaves Plus: Desired ending inventory of direct materials Total quantity (kg) needed Less: Beginning inventory of direct materials Quantity (kg) to purchase Cost per kilogram Print Done Total cost of direct material purchases