La Factoria de Dulces specializes in making scones that are made with cane sugar. Four (4) pounds of cane sugar are required to make a batch of scones. Cane sugar costs $1.75 per pound. Ending inventory must equal 15% of the next month's planned usage of sugar. On January 1st, 900 pounds of sugar cane are expected to be on hand. Budgeted production of the gourmet cookies for the first four months of the upcoming year is as follows: Number of batches of cookies to be produced in January 1,500 Number of batches of cookies to be produced in February 2.200 Number of batches of cookies to be produced in March 2,800 Number of batches of cookies to be produced in April 1.900 The purchase for the month of February 15.400 Pounds 10 PO 300 1600 Pound