On January theLilyCompany budget committee

has reached agreement on the following data for the months ending

June

The ending raw materials and finished goods inventories at December

follow the same percentage relationships to production

and sales that occur in Three pounds of raw materials are

required to make each unit of finished goods. Raw materials

purchased are expected to cost $per pound.a Prepare a production budget by quarters for the

month period ended June bPrepare a direct materialsbudget by

quarters for the month period ended June

On January the Lily Company budget committee has reached agreement on the following data for the months ending June

Sales units:

Ending raw materials inventory:

Ending finished goods inventory:

Thirdquarter production:

First quarter ; second quartr ; third quarter

of the next quarter\'s production requirements.

of the next quarter\'s expected sales units.

units.

The ending raw materials and finished goods inventories at December follow the same percentage relationships to production and sales that occur in Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $ per pound.