On January 1, 2017, the Hardin Company budget committee has reached Sales units: Ending raw materials inventory: 40% of the next quarter's production requirements Ending finished goods inventory: 2S% of the next quarter's expected sales units Third-quarter production: agreement on the following data for the 6 months ending June 30, 2017 First quarter 5,700; second quarter 6,100; third quarter 7,700 7,580 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 2017. 3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 pound. 2 Prepare a production budget by quarters for the 6-month period ended June 30, 2017 HARDIN COMPANY Quarter