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 5,300; second quarter 6,000; third quarter 7,800.
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:		7,360 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. 3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound.

Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter 1 2 Six Months