On January 1, 2022, the Swifty Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022.

Sales units:		First quarter 5,100; second quarter 6,120; third quarter 7,140.
Ending raw materials inventory:		40% of the next quarters production requirements.
Ending finished goods inventory:		25% of the next quarters expected sales units.
Third-quarter production:		7,490 units.

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.

Pre-Lecture Assignment #2: Chapter 9 Question 1 of 5 - /20 E (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2022. SWIFTY COMPANY Production Budget Quarter Six Months 1 2 Direct Materials Per Unit Desired Ending Finished Goods Unit Required Production Units Total Required Units Expected Unit Sales Direct Materials Purchases Total Materials Required Beginning Finished Goods Unit Beginning Direct Materials Desired Ending Direct Materials e Textbook and Media Question 1 of 5 > - / 20 = = (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2022. SWIFTY COMPANY Production Budget Quarter 1 2 v