On January 1, 2023, the Sheridan Company budget committee reached agreement on the following data for the six months ending June 30, 2023: 2. 3. 4. Sales units: First quarter 5,000; second quarter 5,700; third quarter 7,300 Ending raw materials inventory: 40% ofthe next quarter's production requirements Ending finished goods inventory: 25% of the next quarter's expected sales units Third-quarter production: 7.500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram