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On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales
On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units Ending raw materials inventory Ending finished goods inventory Third-quarter production: First quarter 5.800; second quarter 6,600, third quarter 7,600. 25% of the next quarter's expected sales units 40% of the next quarter's production requirements. 7,780 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 $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30, 2020 HARDIN COMPANY Production Budget Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget eTexthonk and Media 1 Quarter Six 2 Months $ $ 1 Quarter 2 Six Months
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