First quarter 5,600; second quarter 6,400; third quarter 7,000

Accounting Dec 16, 2020

First quarter 5,600; second quarter 6,400; third quarter 7,000. 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 7,440 units.
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: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production:
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. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound.

Production Budget

Direct Material Budget

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