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 5,100; second quarter 6,300; third quarter 7,300. 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. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget For the Six Months Ending June 30, 2020 Quarter 2 Six Months 6225 7025 4 uction 24900 28100 11240 12544 Direct Materials (Pound 36140 40644 9960 11240 MataPounds 26180 29404 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 Six Months 1 2 6000 6900 Desired Ending Finished Goods Unit 1725 1850 7725 8750 the winning Finished Goods Unit 1500 1725 bduction Unins 6225 7025 13250