On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. 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 $6 per pound. Prepare a production budget by quarters for the 6- month period ended Jul 2017. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017