Weygandt, Financial and Managerial, 3e Hele System Announcements Shet SOODP 5 CALCULATOR PRINTER VERSION BACK NEXTP n Shot ..42 317 Exercise 22-06 -b (Video) (Part Level Submission) On January 1, 2020, the Crane Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,100; second quarter 6,800; third quarter 7,300 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: 7,390 units The ending raw materials and finished goods inventores at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020. pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound Shot 06.39 (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2020, CRANE COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter 1 2 Six Months Expected Unit Sales 5100 6800 Add Desired Ending Finished Goods Unit Total Required Units Less Beginning Finished Goods Unit Required Production Units Click if you would like to Show Work for this questions en Show Work