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. 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 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. Your answer is partially correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. Expected Unit Sales HARDIN COMPANY Production Budget For the Quarter Ending June 30, 2020 Quarter 1 5800 2 6000 Add : Desired Ending Finished Goods Unit 1500 1825 Total Required Units 7300 7825 Less Beginning Finished Goods Unit 1450 i 1500 Required Production Units 5850 6325 C eTextbook and Media Units to be Produced Direct Materials Per Unit HARDIN COMPANY Direct Materials Budget For the Six Months Ending June 30, 2020 Quarter 5850 2 6325 Total Pounds Needed for Production 29250 31625 Add Desired Ending Direct Materials (Pounds) 12650 15680 Total Materials Required 47305 41900 Less Beginning Direct Materials (Pounds) 11700 12650 Direct Materials Purchases 30200 34655 Cost Per Pound S Total Cost of Direct Materials Purchases 151000 pptx Writing Assignm...pdf Writing Assign.docx 5 173275 5