67. The Jung Corporation's budget calls for the following production: Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct material equal to 30% of that quarter's direct material production requirements. Budgeted direct material purchases for the third quarter would be: a. 114,600 pounds. c. 38,200 pounds. b. 89,400 pounds. d. 29,800 pounds