gnment Exercise 21-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 Sales units: 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:7,840 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 First quarter 6,000; second quarter 6,900; third quarter 7,400 2017. 4 pounds of raw materials are required to mak e each unit of finished goods. Raw materials purchased are expected to cost $5 per pound. (a) Prepare a budget by quarters for the 6-month period ended June 30, 2017 6000 rP ^D 11/14/2018