Required information Use the following information for the Quick Study below. (Algo) ', Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 6,000 units in ( August. ( QS 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 2 pounds of direct materials, which cost $7 per pounb. The company's policy is to maintain direct materials inventory equal to 30% of the next month's diract materials requirement. As of June 30, the company has 3,420 pounds of direct materials in inventory. Prepare the direct materials budget for July.