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Exercise 24-06 ab On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending Sune

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Exercise 24-06 ab On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending Sune 30, 2020, Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production First quarter 5.200: second quarter 6,700, third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units. 7.380 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 5 per pound. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget naterials purchased are expected to cost $s per puun. Beginning Direct Materials for the 6-month period ended June 30, 2020. Desired Ending Direct Materials HARDIN COMPANY Production Budget Direct Materials Purchases Expected Unit Sales Quarter Required Production Units Six Months Desired Ending Finished Goods Unit Direct Materials Per Unit Total Materials Required Beginning Finished Goods Unit Total Required Units Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter Six Months

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