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On January 1, 2021, the Chinee Company budget committee reached agreement on the following data for the six months ending Rune 30, 2021 1. Sales

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On January 1, 2021, the Chinee Company budget committee reached agreement on the following data for the six months ending Rune 30, 2021 1. Sales units: First quarter 5,000, second quarter 5,700; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third quarter production: 7.500 units The ending raw materials and finished goods inventores at December 31, 2020, had the same percentages for production and sales that are budgeted for 2020.3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost 4 per kilogram Prepare a production budget by quarters for the six-month period ended June 30, 2021 CHINLEE COMPANY Production Budget For the Six Months Ending June 30, 2021 Quarter 2 Total

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