The Bakery by the Bay produces organic bread that is sold by the loat. 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 bakary has a policy that it will have 20% of the following monti'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 for the third quarter, with a column for each month and for the quarter Quarter Begin the direct materials budget by determining the total quantity needed, then complete the budget, (Enter the pounds per unit os a decimal to o places. Round your calculations to the nearest whole number) The Bakery by the Bay Direct Materials Budget For the Months of July through September July August September Units to be produced Multply by: Pounds of flour needed per unit Quantity needed (lbs) for production Plus: Desired ending inventory of direct materials Total quantity (lbs) needed Loss: Beginning inventory of direct materials Quantity (lbs) to purchase Multiply by Cost per pound Data Table 1,480 loaves July..... August ... September 1,800 loaves 1,740 loaves . October 1,540 loaves ... Print Done