Assume the sales budget for April and May is 32,000 units and 34,000 units, respectively.

The production budget for the same two months is 29,000 units and 30,000 units, respectively.

Each unit of finished goods required 4 pounds of raw materials.

The company always maintains raw materials inventory equal to 20% of the following month's production needs.

How many pounds of raw material need to be purchased in April?

120,700

116,400

116,800

118,800