On January 1,2022, the Lily Company budget committee has reached agreement on the following data for the 6 months ending June 30,2022. 7,280 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. stion 18 of 18 Direct Materials Budget Quarter 1 2