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help please E22.6 (LO 2), AP On January 1, 2025, the Hardin Company budget committee has reached agreement on the following data for the 6
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E22.6 (LO 2), AP On January 1, 2025, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30,2025. Sales units: First quarter 5,000 , second quarter 6,000 , third quarter 7,000 . 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: 7,200 units. The ending raw materials and finished goods inventories at December 31,2024 , follow the same percentage relationships to production and sales that occur in 2025 . Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Instructions a. Prepare a production budget by quarters for the 6-month period ended June 30,2025 . b. Prepare a direct materials budget by quarters for the 6-month period ended June 30,2025 Step by Step Solution
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