The Bakery at the Lake produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $3.50 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 four months: (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour needs on hand at the end of each month. At the end of June, there were 156 pounds 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, 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 at the Lake X Direct Materials Budget i Data Table For the Months of July through September July August September Quarter 1560 Units to be produced 1800 1640 1,560 loaves July.. 780 900 820 August .. 1,800 loaves Multiply by: Pounds of flour needed per unit Quantity needed (lbs) for production September.. 1,640 loaves 180 164 150 October 1,500 loaves Plus: Desired ending inventory of direct materials Total quantity (lbs) needed Print Done