23. If there were 60,000 pounds of raw materials on hand on January 1, 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? a. 300,000 pounds b. 480.000 pounds c. 240,000 pounds d. 420,000 pounds 24. In a production budget, total required production units are the budgeted sales units plus a. beginning finished goods units. b. desired ending finished goods units. C. desired ending finished goods units plus beginning finished goods units. desired ending finished goods units minus beginning finished goods units In most cases, prices are set by the a. customers. b. competitive market. c. largest competitor. d. selling company