On January 1, 2022, the Kingbird Company budgeted the following for the year ended December 31, 2022: 1. Sales units: First quarter 5,800 ; second quarter 6,900 ; third quarter 8,100 ; fourth quarter 8,600 units; First and second quarters of 2023:9,100 units. 2. Ending raw materials inventory: 40% of the next quarter's production requirements. 3. Ending finished goods inventory: 30% of the next quarter's expected sales in units. 4. Desired production for first quarter of 2023 is 9,100 units. 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, 2022. 11 KINGBIRD COMPANY Direct Materials Budget For 2022 Quarter 1 Quarter 2 v: v