On January 1, 2022, the Oriale Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022 Sales units: First quarter 6,200; second quarter 7,440; third quarter 8,680. 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: 9.030 units. The ending raw materials and finished goods inventories at December: 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. Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2022 ORIOLE COMPANY Production Budget For the Six Months Ending June 30, 2022 Quarter Six 1 Months Expected Unit Sales Add Desired Ending Finished Goods Units Total Required Units Less Beginning Finished Goods Units Required Production Units 6200 1960 1550 6510 2 7440 2170 9610 1860 7750 11250 Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. ORIOLE COMPANY Direct Materials Budget 1 3:0 M=[ $ Quarter $ 2 Six Months