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Assume that a merchandising company provided the following beginning and ending budgeted balance sheets for a forthcoming month: Assuming the company did not sell any noncurtent assets during the period, how much depreciation expense must be included in the company's budgeted income statement? Assuming the company did not sell any noncurrent assets during the period, how much depreciation expense must be included in the company's budgeted income statement? Multple Choice $5,000 $3,000 $2.000 $4,000 Assume the sales budget for April and May is 30,000 units and 32,000 units, respectively. The production budget for the same two months is 27,000 units and 28,800 units, respectively. Each unit of finished goods required 4 pounds of raw materials. The compsry always maintains raw materials inventory equal to 15% of the following months production needs. If the company pays $2.50 per pound of raw material, then what is the estimated cost of raw material purchases for April? Multiple Choice $278.450 $271,950 $275700 $272700