View Policies Current Attempt in Progress On January 1, 2022, the Splish Company budgeted the following for the year ended December 31, 2022: 1. Sales units: First quarter 5,600; second quarter 6,600; third quarter 7,700; fourth quarter 8,300 units; First and second quarters of 2023: 8,700 units. 2. Ending raw materials inventory: 40% of the next quarter's production requirements. 3. Ending finished goods inventory: 30% of the next quarter's expected sales in units. 4. Desired production for first quarter of 2023 is 8.700 units. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $3 per kilogram. Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2022. Question 5 of 5 Prepare a production budget and a direct materials budget by quarters for the year ended December 31, 2022. Quarter 1 SPLISH COMPANY Production Budget For 2022 Quarter 2 Total production units Desired ending finished goods Expected unit sales Beginning finished goods inventory Total required units -/58 E Quarte Quarter 1 Q Search Direct Materials Budget For 2022 Quarter 2 6 O ENG US