Question 4 of 5 > View Policies .../1 Current Attempt in Progress On January 1, 2023, the Bonita Company budget committee reached agreement on the following data for the six months ending June 30, 2023: 1 Sales units: First quarter 4,900; second quarter 5,800; third quarter 7,200 2 Ending raw materials inventory: 40% of the next quarter's production requirements 3. 4. 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. (a) Your answer has been saved. See score details after the due date. Prepare a production budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Production Budget For the Six Months Ending June 30, 2023 es Its 4900 Desired ending finished goods 1450 Quarter 2 5800 1800 6,350 7,600 Beginning finished goods inventory 1225 1450 tions in units (b) eTextbook and Media 5125 6150 Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023. BONITA COMPANY Direct Materials Budget For the Six Months Ending June 30, 2023 eTextbook and Media Save for Later Attempts: 1 of 1 used Quarter 2 Attempts: 0 of 1 used Submit Answer