4. A business has the following budgeted financial data for next year: January production units 8,000 February production units 9,000 Direct material units per finished unit 4 Cost per direct material unit $1.50 January raw materials beginning inventory units 5,000

The business desires to maintain a raw materials ending inventory equal to meeting the production needs of 10% of the next month's production units (assume there are no indirect materials).

Determine the required raw material purchase units AND purchase dollars for January.