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ABC Company produces shirts and has a fiscal year ending December 31. Each shirt produced requires 3 yards of fabric. Selected information for use in

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ABC Company produces shirts and has a fiscal year ending December 31. Each shirt produced requires 3 yards of fabric. Selected information for use in preparation of the third quarter budget follows: July August September October Budgeted sales (in units) 30,000 32,000 35,000 30,000 Budgeted production (in units) 30,400 32,600 34,000 31,200 ABC wants to maintain direct materials inventory at 20% of the next month's production needs. How many yards of fabric are budgeted to be purchased in August? 107,400 yards 96,960 yards 98,640 yards 84,600 yards

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