On January 1, 2014, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2014.

Sales units:		First quarter 5,300; second quarter 6,900; third quarter 7,500
Ending raw materials inventory:		40% of the next quarters production requirements
Ending finished goods inventory:		25% of the next quarters expected sales units
Third-quarter production:		7,840 units

The ending raw materials and finished goods inventories at December 31, 2013, follow the same percentage relationships to production and sales that occur in 2014. 4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound.

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Prepare a production budget by quarters for the 6-month period ended June 30, 2014.

HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2014
	Quarter
	1	2	Six Months
:
:

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Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2014.

HARDIN COMPANY Direct Materials Budget For the Six Months Ending June 30, 2014
		Quarter
		1		2		Six Months
:
:
		$		$
		$		$		$