Collectibles Industries manufactures and sells bobbleheads. Expected bobblehead sales in 2020 are 10,560 units. The company had an inventory of 3,600 units at the end of 2019 and plans to have an ending inventory of 4,800 units at the end of 2020 . Each bobblehead requires 2.5 pounds of material to manufacture. A vendor sells the material for $1.20 per pound. There were 2,800 pounds of inventory at the end of 2019, and management does not want any inventory left at the end of 2020. What is the amount budgeted for materials purchases in 2020 ? $28,320 $26,600 $23,600 $31,920 Collectibles Industries manufactures and sells bobbleheads. Expected bobblehead sales in 2020 are 10,560 units. The company had an inventory of 3,600 units at the end of 2019 and plans to have an ending inventory of 4,800 units at the end of 2020 . Each bobblehead requires 2.5 pounds of material to manufacture. A vendor sells the material for $1.20 per pound. There were 2,800 pounds of inventory at the end of 2019, and management does not want any inventory left at the end of 2020. What is the amount budgeted for materials purchases in 2020 ? $28,320 $26,600 $23,600 $31,920