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On January 1,2025, the Sheridan Company budget committee has reached agreement on the following data...

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Accounting

On January 1,2025, the Sheridan Company budget committee has reached agreement on the following data for the 6 months ending
June 30,2025.
Sales units:
Ending raw materials inventory:
Ending finished goods inventory:
Third-quarter production:
First quarter 5,400; second quarter 6,480; third quarter 7,560.
40% of the next quarter's production requirements.
25% of the next quarter's expected sales units.
7,910 units.
The ending raw materials and finished goods inventories at December 31,2024, follow the same percentage relationships to
production and sales that occur in 2025. 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 30,2025.
SHERIDAN COMPANY
Production Budget
For the Six Months Ending June 30,2025
Quarter
1
2
2
Six
Months
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