do B

On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,300; second quarter 6,000; third quarter 7,800. 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 7,360 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 2020.3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30, 2020 HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter Six Months Expected Unit Sales 5300 6000 Add : Desired Ending Finished Goods Unit 1500 1950 Total Required Units 6800 7950 Less :: Beginning Finished Goods Unit 1325 i 1500 i Required Production Units 5475 6450 11925 Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter Six Months