103. A company applies overhead at the rate of 150% of direct labor cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material of $42,000 and labor charges of $18,000. On the basis of this information, the total costs applied to job no. 101 amounted to: 104. A company plans to sell 75,000 units of finished Product 1 in May, and each of these units requires three pounds of raw material. Pertinent data follow. 5/1 inventory 5/31 desired inventory Product 1 12,000 units 20,000 units Raw Material 24,000 lbs. 40,000 lbs. How many units of raw material should the company purchase for use in May production?