Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300 units (solar panels) in July and 6,200 units in August. Each unit requires 3 pounds of direct materials, which cost $$7$ per pound. The company's policy is to maintain direct materials inventory equal to $30%$ of the next month's direct materiais requirement. As of June 30 , the company has 4.770 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.

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Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,300 units (solar panels) in July and 6,200 units in August. Each unit requires 3 pounds of direct materials, which cost

$7

per pound. The company's policy is to maintain direct materials inventory equal to

30%

of the next month's direct materiais requirement. As of June 30 , the company has 4.770 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.

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