Assume that a company expects to produce 11,000,12,000, and 14,000 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 $3.50. 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 $167,000 $175.000 $129.000 $125,000 Assume that a company expects to produce 11,000,12,000, and 14,000 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 $3.50. 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 $167,000 $175.000 $129.000 $125,000