Allance Company budgets production of 31,000 units in January and 35,000 units in the February. Each finished unit requires 4 pounds of ra material K that costs $4.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 Inventory for this material is 49,600 pounds. What is the budgeted materials needed in pounds for January? Multiple Choice 130.400 pounds 124.000 pounds 74,400 pounds 180,000 pounds 105,600 pounds