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 6,000; second quarter 6,900; third quarter 7,400.
Ending raw materials inventory:		40% of the next quarters production requirements.
Ending finished goods inventory:		25% of the next quarters expected sales units.
Third-quarter production:		7,840 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 $5 per pound.

(a) Your answer is correct. 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 4 Quarter Six Months Expected Unit Sales 6900 Desired Ending Finished Goods U 172 Total Required Units A T Less : Beginning Finished Goods Unit 1725 | 7725 1 1500 T 1850 8750 1725 9 T (b) Your answer is partially correct. Try again. 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 Six Months Units to be produced 6225 7025 Direct Materials Per Unit E Total T Total Pounds Needed for Production | 31125 35125 Add Desired Ending Direct Materials (Pounds) 4 Total Materials Required * P Beginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Pound T Total Cost of Direct Materials Purchases |