On January 1, 2020, the Rokking Company budgeted the following for the year ended December 31, 2020: 1. Sales units: First quarter 4,700; second quarter 5,600; third quarter 6,700, fourth quarter 7.300 units. First and second quarters of 2021: 7.700 units. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 30% of the next quarter's expected sales in units. Desired production for first quarter of 2021 is 7.700 units. N 3. 4 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $3 per kilogram. Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2020, ROCKING COMPANY Production Budget For 2020 Quarter 1 Quarter 2 Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2020. ROCKING COMPANY Production Budget For 2020 Quarter 2 Quarter 1 1 Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2020 ROCKING COMPANY Production Budget For 2020 Quarter 2 Quarter 3 Quarter 4 Year 2020 ROCKING COMPANY Direct Materials Budget For 2020 Quarter 1 Quarter 2 > V $ ROCKING COMPANY Direct Materials Budget For 2020 Quarter 2 Quarter 3 Quarter 4 Year 2020