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On January 1, 2022, the Vaughn Compary budget committee has reached agreement on the following...

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Accounting

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On January 1, 2022, the Vaughn Compary budget committee has reached agreement on the following data for the 6 months ending June 30,2022 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, Rew materials purchased are expected to cost $4 per pound. VAUGHN COMPANY Production Budget Quarter 12 Production Budget Quarter Six Months Direct Materials Budge For the Six Months Ending June 30, 2023 1 Quarter 2

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