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Each unit requires 2 pounds of direct materials, which cost $7 per pound. The company's...

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Accounting

Each unit requires 2 pounds of direct materials, which cost $7 per pound. The company's policy is to maintain direct materlals Inventory equal to 30% of the next month's direct materlals requirement. As of June 30, the company has 3,360 pounds of direct materials in Inventory. Prepare the direct materlals budget for July.
\table[[MIAMI SOLAR],[Direct Materials Budget,],[Units to produce,5,600],[,],[Materials needed for production (pounds),],[,],[Total materials required (pounds),],[,],[Materials to purchase (pounds),],[,],[Cost of direct materials purchases,]]
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