Dn January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30,2020 30. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to oroduction and sales that occur in 2020.3 pounds of raw materials are required to make each unit of finished goods. Raw materials Jurchased are expected to cost $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30, 2020 . Prepare a direct materials budget by quarters for the 6 -month period ended June 30, 2020 . HARDIN COMPANY Direct Materials Budget Quarter 1 2