On January 1, 2020, the Crane Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 7,000; third quarter 7,600. 40% of the next quarter's production requirements. Ending raw materials inventory: Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,840 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 2020.4 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. epare a pivuuction dugel by quarters for the of Direct Materials Per Unit Total Required Units Required Production Units Desired Ending Direct Materials Total Materials Required Beginning Finished Goods Unit Beginning Direct Materials Expected Unit Sales Desired Ending Finished Goods Unit Direct Materials Purchases pods Unit period ended June 30, 2020. CRANE COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 2 Add: Desired Ending Finished Goods Unit Total Required Units Production Budget For the Six Months Ending June 30, 2020 Quarter 1 2 Prepare a production budget by quarters for the 6-month period ended June 30, 2020. CRANE COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 Desired Ending Finished Goods Unit 1 Units 2 Six Months Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020 CRANE COMPANY Direct Materials Budget Quarter S $ $ $ Quarter 2 Six Months