Sales units: On January 1, 2020, the Cullumber Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. First quarter 5,700; second quarter 6,100, third quarter 7,700. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third quarter production: 7,580 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. 3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. CULLUMBER COMPANY Production Budget Quarter Six Months 1 2 . . Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. CULLUMBER COMPANY Direct Materials Budget Quarter 2. Six Months . $ $ $ $