Exercise 24-06-b On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the months ending lune 30, 2020 Sales : First quarter 5,700, second quarter 6.200; third quarter 7,200 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: 7,670 units The ending raw materials and finished goods inventores 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 $4 per pound Prepare a production budget by quarters for the 6-month period ended June 30, 2020 HARDIN COMPANY Production Budget Quarter ent Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget Quarter Six Months Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020 HARDIN COMPANY Did Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter Six Months