General Manufacturing expects to have 57,000 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)	117,000	137,000	167,000	127,000

General Manufacturing desires each month's ending raw materials inventory to be 20% of the following 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:

Multiple Choice

• 54,800 lbs.

• 234,000 lbs.

• 231,800 lbs.

• 288,800 lbs.

• 343,600 lbs.