On January $1,2022,$ the Crane Company budget committee has reached agreement on the following data for the $6$ months ending June $30,2022.$

Sales units:

First quarter $5,000$ ; second quarter $6,000$ ; third quarter $7,000.$

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: $7,350$ units.

The ending raw materials and finished goods inventories at December $31,2021,$ follow the same percentage relationships to production and sales that occur in $2022.$ Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $$4$ per pound.

$($a$)$

Prepare a production budget by quarters for the $6-$month period ended June $30,2022.$

CRANE COMPANY

Production Budget

For the Six Months Ending June $30,2022$

Quarter

$1$

Finished Goods Units

led Goods Units

eTextbook and Media

Attempts: $0$ of $3$ used

$($b$)$

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