On January 1, 2021, the Chinlee Company budget committee reached agreement on the following data for the six months ending June 30, 2021: 1. Sales units: First quarter 4,900; second quarter 5,900; third quarter 6,800 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending nished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7200 units The ending raw materials and nished goods inventories 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 nished 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. Prepare a direct materials budget by quarters for the six-month period ended June 30, 2021. CHINLEE COMPANY Direct Materials Budget For the Six Months Ending June 30, 2021 Quarter 1 2