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Not pictured: A 4th column (after 2) titled Six Months, one blank on the final row On January 1, 2022, the Concord Company budget committee

image text in transcribedNot pictured: A 4th column (after "2") titled "Six Months", one blank on the final row

On January 1, 2022, the Concord Company budget committee has reached agreement on the following data for the 6 months endin June 30, 2022. The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2022

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