On January 1, 2022, the Concord Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022 420 The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022 . Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. CONCORD COMPANY Direct Materials Budget Quarter 1 2 Six Month