On January $1,2022,$ the Hardin Company budget committee has reached agreement on the following data for the $6$ months ending

June $30,2022.$

Sales units:

Ending raw materials inventory:

Ending finished goods inventory:

Third$-$quarter production:

First quarter $5,000$; second quarter $6,000$; third quarter $7,000.$

$40\%$ of the next quarter's production requirements.

$25\%$ of the next quarter's expected sales units.

$7,200$ units.

The ending raw materials and finished goods inventories at December $31,2021,$ follow the same percentage relationships to

production and sales that occur in $2022.3$ 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 $30,2022.$

HARDIN COMPANY

Production Budget