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Assume that a company expects to produce 10,000, 11,000, and 13,000 units of finished goods in January, February, and March, respectively. Each unit of finished

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Assume that a company expects to produce 10,000, 11,000, and 13,000 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 3 pounds of raw material and each pound of raw material costs $1.50. The company always maintains an ending raw materials inventory equal to 30% of next month's production needs. What is the amount of expected raw materials purchases for February

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