Case Manufacturing expects to have 48,000 pounds of raw materials inventory on hand on June 30, the end of the current year. The company has budgeted the following production for the first four months of the coming year:

	July	August	September	October
Production (units)	108,000	128,000	158,000	118,000

Case Manufacturing desires each month's ending raw materials inventory to be 30% of the following month's production needs. A finished unit requires two pounds of raw materials. Case Manufacturing's budgeted purchases of raw materials during July (in pounds) should be:

Multiple Choice

76,800 pounds

244,800 pounds

369,600 pounds

216,000 pounds

292,800 pounds