The Bakery on the Riverbank produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.50 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 150 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. your LICUILOTTS LLIC TICAICOL WITOIC TUTDOI.) Data Table The Bakery on the Riverbank Direct Materials Budget For the Months of July through September July August Units to be produced 1,500 1,880 0.50 0.50 Multiply by: Pounds of flour needed per unit Quantity needed (lbs) for production 750 940 Plus: Desired ending inventory of direct materials 188 Total quantity (lbs) needed 938 September 1,680 0.50 VOU Quarter 5,060 0.50 2,530 152 168 840 152 992 1,500 loaves 1,880 loaves 1,680 loaves 1,520 loaves 1,108 August September October 2,682 Less: Beginning inventory of direct materials Quantity (lbs) to purchase Multiply by: Cost per pound Print Done Total cost of direct material purchases Enter any number in the edit fields and then click Check