2 A company had budgeted production for the year as follows: Quarter Production in units 11000 13,000 15760 Four pounds of raw materials are required for each unit produced Raw materials on hand at the start of the year totals. The raw materials inventory the end of the thoud of the next quarter's production needs in materials, Budgeted purchases of raw materials in the third quarter would be 74,000 lbs. 67,840 lbs 60,200 lbs 74,040 lbs