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29 on sept 30 of year 1 On September 30 of Year 1, JayBob Bee Company had raw materials inventory of 5,000 pounds. Starting in

29 on sept 30 of year 1

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On September 30 of Year 1, JayBob Bee Company had raw materials inventory of 5,000 pounds. Starting in October, JayBob Bee intends to have an inventory policy of maintaining ending raw materials inventory at the end of every month equal to the next TWO months' production needs. For example, ending inventory at the end of October should be equal to forecasted raw materials needs for November production plus forecasted raw materials needs for December production. he Five pounds of raw materials are needed in the production of one finished unit. Forecasted PRODUCTION for the months October, Year 1 through December, Year 1 is as follows. October 4,500 units November 6,000 units December 3,000 units What is the amount of budgeted RAW MATERIALS PURCHASES for October

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