On January 1, 2022, the Wildhorse Compary budgeted the fallowing for the year ended December 31, 2022: 1. Sales units: First quarter 6,000 ; second quarter 7,000 ; third quarter 7,000 ; fourth quarter 8,200 units; First and second quarters of 2023:8,600 units. 2. Ending raw materials imventory: 40% of the next quarter's production requirements. 3. Ending finished goods imwentory: 30\% of the next quarter's expected sales in units. 4. Desired production for first quarter of 2023 is B, 600 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. WILDHORSE COMPANY Production Budget For 2022 WILDHORSE COMPANY Direct Materials Budget For 2022 Quarter 1 Quarter 2