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 $2.00 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 four months: B (Click the icon to view the units to be produced.) The bakery has a policy that it will have 10% of the following month's flour needs on hand at the end of each month. At the end of June, there were 75 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. The Bakery by the Sea Direct Materials Budget For the Months of July through September July August i X Data Table September Quarter Units to be produced July.... 1,500 loaves 1,880 loaves Multiply by: Pounds of flour needed per unit Quantity needed (lbs) for production Plus: Desired ending inventory of direct materials Total quantity (lbs) needed August September 1,720 loaves October 1,580 loaves Print Done Enter any number in the edit fields and then click Check