View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 7,000; third quarter 7.600. 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: 7,840 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 2020.4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound. Your Answer Correct Answer Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 MacBook Air Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter Six Months 7000 Expected Unit Sales Add : Desired Ending Finished Goods Unit 9 1750 1900 Total Required Units 7150 8900 Less :: Beginning Finished Goods Unit : 1350 1750 Required Production Units 12950 5800 eTextbook and Media Solution Attempts: 2 of 2 used (b) Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Direct Materials Budget Quarter Six Months e Textbook and Media Submit Answer Attempts: 0 of 2 used Save for Later