On January 1, 2022, the Vaughn Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022. Sales units: First quarter 7.200; second quarter 8,640; third quarter 10,080. 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: 10,430 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. (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2022. VAUGHN COMPANY Production Budget For the Six Months Ending June 30, 2022 Quarter Six Months 1 2 7200 8640 esired Ending Finished Goods Units eginning Finished Goods Units Units e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Last saved 21 hours ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes