Miami solar manufactures solar panels for industrial use the company budgets production of 5.000 units (solar panels) in july and 5.300 units in august. each unit requires 3 pounds of direct materials, which cost $6 per pound. the company’s policy is to maintain direct materials inventory equal to 20% of the next month’s direct materials requirement. as of june 30, the company has 2,640 pounds of direct materials in inventory, which complies with the policy. prepare a direct materials budget for july.