0.41/1 Question 12 View Policies Show Attempt History Current Attempt in Progress On January 1, 2017, the Concord Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 Sales units: First quarter 5,200, second quarter 6,000; third quarter 7,000 Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production: 7,630 units. The ending raw materials and finished goods inventories at December 31, 2016. follow the same percentage relationships to production and sales that occur in 2017.3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. - Your answer is partially correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2017 CONCORD COMPANY Production Budget For the Six Months Ending June 30, 2017 : Quarter Expected Unit Sales Add : Desired Ending Finished Goods Unit 4 idnite T Prepare a production budget by quarters for the 6-month period ended June 30, 2017 CONCORD COMPANY Production Budget For the Six Months Ending June 30, 2017 : Quarter Expected Unit Sales Add : Desired Ending Finished Goods Unit: Total Required Units Less :: Beginning Finished Goods Unit Required Production Units e Textbook and Media - Your answer is partially correct. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017 CONCORD COMPANY Direct Materials Budget For the Six Months Ending June 30, 2017 : Quarter Six Months - Your answer is partially correct. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017. CONCORD COMPANY Direct Materials Budget For the Six Months Ending June 30, 2017 Quarter Six Months Units to be Produced Direct Materials Per Unit : Total Pounds Needed for Production Add : : Desired Ending Direct Materials Total Materials Required Less : Beginning Direct Materials Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases : e Textbook and Media