Alliance Company budgets production of 30,000 units in January and 34,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 31,500 pounds. What is the budgeted materials needed in pounds for January?

Multiple Choice

• 94,200 pounds.

• 90,000 pounds.

• 58,500 pounds.

• 125,700 pounds.

• 67,200 pounds.

Chocolate Co. reports the following information from its sales budget: Expected sales: July August September $ 82,000 102,000 112,000 Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: Multiple Choice $112,000. $188,500. $104,500. $28,000. 0 $76,500