On January 1.2022, the Concord Company budget committee has reached agreement on the following data for the 6 months ending - June 30, 2022 Sales units: First quarter 5.300:second quarter 6.360, third quarter 7420 Ending raw materiais tvertory 40% of the next quarter's production requirements Ending finished goods inventory 23% of the next quarter's expected sales arts Third-quarter production 7.770 units The ending raw materials and finished goods inventories December 31, 2021. sillow 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 torpected to to: 54 per pound Prepare a production budget by quarters for the 6-month period ended June 30, 2022 CONCORD COMPANY Production Budget Quarter 2 1 > > Direct Materials Budget Quarter N $ $ > $ $ $