Assume that a company expects to produce 10,200, 11,200, and 13,200 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 4 pounds of raw material and each pound of raw material costs $1.50. The company always maintains an ending raw materials inventory equal to 25% of next month's production needs. What is the amount of expected raw materials purchases for February? Multiple Choice $23,400 $27,400 $62,200 $70,200