Case (4): The F.R.Company budget committee has reached agreement on the following data for the six months ending June 2019 1- Sales in units: First quarter 10000 - Second quarter 150000 2-End. Raw materials equal 50% of the next quarter requirement 3-End. Finished goods inv. equals 30% of the next quarter sales in units 4- The End. Raw materials and finished goods inventories at May 3000 and 2000 respectively 5- Three pounds of raw materials are required to make each unit of finished goods 6- Expected cost per pound $ 4 7- Sales of 8000 units and requirement of 7000 units are expected in the third quarter during 2009 Required: 1- Prepare the Production Budget 2- Prepare the Direct Materials Budget