1) If there were 60,000 pounds of raw materials on hand January 1, and if 120,000 pounds are desired for inventory at January 31, and 360,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 2) Hope Co. required production for June is 66,000 units. To make one unit of finished product, 3 pounds of direct material X are required. Actual beginning and desired ending inventories of direct material X are 150,000 and 165,000 pounds, respectively How many pounds of direct material X must be purchased? 3) Jacine Inc. determines that 27,000 pounds of direct materials are needed for production in July. There are 1,600 pounds of direct materials on hand at July 1 and the desired ending inventory is 1,400 pounds. If cost per pound of direct materials is $3, what is the budgeted total cost of direct materials purchases? 4) Ketting Co. is preparing its direct labor budget for May. Projections for the month are that 16,700 units are to be produced and that direct labor time is 3 hours per unit. If the labor cost per hour is $12, what is the total budgeted direct labor cost for May? 5) Roofing Co. has the following budgeted sales: January $80,000, February $120,000, March $100,000.40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are: A. $112,000 B. $106,000 C.$105,000 D. $100,000