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On January 1, 2020, the Blossom Company budget committee has reached agreement on the following data for the 6 monthsending June 30, 2020 Sales units:
On January 1, 2020, the Blossom Company budget committee has reached agreement on the following data for the 6 monthsending June 30, 2020 Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,000; second quarter 6.900; third quarter 8.000 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units, 7,640 units. The ending raw materials and finished goods inventories at December 31, 2019 follow the same percentage relationships to production and sales that occur in 2020.5 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 June 30, 2020, BLOSSOM COMPANY Production Budget Quarter Prepare a production budget by quarters for the 6-month period ended June 30, 2020, BLOSSOM COMPANY Production Budget Quarter Six Months 1 2 I Prepare a direct materiais budget by quarters for the 6-month period ended June 30, 2020, BLOSSOM COMPANY Direct Materials Budget Quarter 2 Six Months > $ $ > > > >
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