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: First quarter 5,100; second quarter 6,300 third quarter 7,300. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,670 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 $5 per pound. (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2020, HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 2 5100 6300 Add V: Desired Ending Finished Goods Unit Less Beginning Finished Goods Unit Attempts: 0 of 1 used Submit Answer Save for Later Last saved 2 minutes ago Saved work will be auto-submitted on the due date, Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020