Exercise 216 Part Level Submission On January 1 2017 the Har

Exercise 21-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 Sales units: 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 First quarter 6,000; second quarter 6,900; third quarter 7,400 7,840 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 arc expected to cost $S per pound Your answer is partially correct. Try again. Prepare a production budgot by quarters for the & month period ended June 30, 2017 HARDIN COMPANY For the Six Months Ending June 30, 2017 Quarter Year Expected Unit Sales 6,000 6, 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 question: Open Show Work LINK TO TEXT

Solution

Production budget :

	Quarter 1	Quarter 2	Six month
Expected unit sales	6000	6900
Add: Desired ending inventory	1725	1850
Total required units	7725	8750
Less; beginning finished goods units	-1500	-1725
Required production units	6225	7025	13250