View Policies Current Attempt in Progress On January 1, 2021. the Chinlee Company budget committee reached agreement on the following data for the six months ending June 30, 2021: 1. Sales units: First quarter 4,900: second quarter 6,000; third quarter 6,900 2. 3. 4. 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: 7.100 units The ending raw materials and finished goods inventories at December 31, 2020, had the same percentages for production and sales that are budgeted for 2020, 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram. Prepare a production budget by quarters for the six-month period ended June 30, 2021. CHINLEE COMPANY Production Budget For the Six Months Ending June 30, 2021 Prepare a production budget by quarters for the six-month period ended June 30, 2021. CHINLEE COMPANY Production Budget For the Six Months Ending June 30, 2021 eTextbook and Media Quarter 2 Prepare a direct materials budget by quarters for the six-month period ended June 30, 2021 CHINLEE COMPANY Direct Materials Budget For the Six Months Ending June 30, 2021 Quarter