Chapter 6 Budgeting Copr Goedl/Strichland 2022 The Five Felines, LLC has budgeted quarterly production for next year as follows: The manager is preparing the raw materials purchases budget. Four pounds of raw materials are required for each unit produced. The company began the year with 4,000 pounds in the raw materials beginning inventory. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. The material costs $3 per pound. Budgeted total costs of raw materials purchases in the third quarter would be: $148,800 $49,600 $63,200 $189,600