v ezto.mheducation.com + M Question 13 - Final Exam - Connect Course Hero Final Exam i Saved Help Save & Exit Submit 13 Required information 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. 8 01:34:29 Each unit requires 3 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 30% of the next month's direct materials requirement. As of June 30, the company has 5,130 pounds of direct materials in inventory. Prepare the direct materials budget for July. MIAMI SOLAR Direct Materials Budget July Units to produce 5,700 Materials required per unit (pounds) Materials needed for production (pounds) Add: Desired ending materials inventory Total materials required (pounds) Less: Beginning materials inventory (pounds Materials to purchase (pounds Materials cost per pound Cost of direct materials purchases