On January 1, 2020, the Wildhorse Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 6,300; third quarter 7,500. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,850 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 $4 per pound.Prepare a production budget by quarters for the 6month period ended June 30. 2020. WILDHORSE COMPANY Production Budget Six 1 2 Months Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. WILDHORSE COMPANY Direct Materials Budget For the Six Months Ending June 30, 2020 Quarter 1 2 Six v to $ $ 69Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. WILDHORSE COMPANY Direct Materials Budget For the Six Months Ending June 30, 2020 Quarter 1 2 Six Months v