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: 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 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 Quarter Six Months Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2014 MARDEN COMPANY Direct Materials Budget For the Star Months Ending June 30, 2014 Quarter