Current Attempt in Progress On January 1, 2020, the Crane Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 7,000, third quarter 7,600. 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: 7,840 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020.4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound la Prepare a production budget by quarters for the 6-month period ended June 30, 2020 CRANE COMPANY Production Budget Quarter Prepare a production budget by quarters for the 6-month period ended June 30, 2020. CRANE COMPANY Production Budget Quarter Six Months e Textbook and Media Sove for Later Attempts: 0 of 3 used Submit