CALCULATOR PRINTER VERSION (BACK NEXT Exercise 13-6 (Part Level Submission) On January 1, 2017, the Bridgeport Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,800; second quarter 6,600; third quarter 7,600 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,780 units. The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to production and sales that occur in 2017. 4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound (a) Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2017. BRIDGEPORT COMPANY Production Budget For the Six Months Ending June 30, 2017 Quarter 2 Year E 5800 6600 Expected Unit Sales E Add Desired Ending Finished Goods Unit 1650 1900 M Total Required Units 7450 8500 Less Beginning Finished Goods Unit 1450 1650 Required Production Units 6000 6850 12850 SHOW SOLUTION LINK TO TEXT Attempts: 3 of 3 used (6) Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017. CALCULATOR PRINTER VERSION