Documenti Word Mailings Review View Help Tell me what you want to do T et . Normal No Spac.. Heading 1 Heading 2 Heading 3 Heading 4 Paragraph Styles 6/General Manufacturing expects to have 40,000 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) 100,000 120,000 150,000 110,000 General Manufacturing desires each month's ending raw materials inventory to be 20% of the Tollowing month's production needs. A finished unit requires two pounds of raw materials. General Manufacturing's budgeted purchases of raw materials during July (in lbs.) should be: 296,000 lbs. 48,000 lbs C248,000 lbs 200,000 lbs. C208,000 lbs. 3.34 points QUESTION 7 Graham Corporation's budgeted production schedule, by quarters, for the coming year is as follows: Quarter 1 = 22,500 units Quarter 2 = 19,000 units Quarter 3 = 17,000 units Quarter 4 = 24.000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with 30% of that quarter's direct materials production requirements Graham expects to have 50,000 pounds of direct materials on hand at the beginning of Quarter 1 What would be Graham's budgeted direct materials purchases (in pounds) for the third quarter? 57,300 pounds 72,600 pounds 51.000 pounds 44.700 pounds 19,100 pounds