Exercise 13-6 On January 1, 2017, the Bridgeport Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: First quarter 5,800; second quarter 6,600; 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: 7,780 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. 4 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. Try again. Prepare a production budget by quarters for the 6-month period ended June 30, 2017 BRIDGEPORT COMPANY Production Budget For the Quarter Ending June 30, 2017 , Quarter T Expected Unit Sales 5800 6600 US3 T Add 1 Direct Materials Per Unit 1650 1900 Beginning Direct Materials 7450 1900 Less Total Required Units 1450 1650 PE Desired Ending Finished Goods Unit 6000 6850 12850 Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017. BRIDGEPORT COMPANY Direct Materials Budget For the Quarter Ending June 30, 2017 Quarter Six Months T Total Materials Required 6000 6850 T Direct Materials Per Unit T Total Pounds Needed for Production 24000 727400 Add T Direct Materials Per Unit 10960 27400 -HOHOHHHO) HONBHHAHNI Total Pounds Needed for Production : 34960 39848 Total Required Direct Labor Hours : 9600 10960 T Units to be produced 25360 28888 T Cost Per Pound T Total Cost of Direct Materials Purchases 101440 216992