Marine and Sail Manufacturing of Orange, Kentucky has determined the following required production budget for the upcoming months: January February March April Required production in units 4,000 6,000 5,500 5,000 Each unit of finished product requires 3 feet of raw materials. The company maintains raw materials inventory equal to 2,000 feet plus 10% of the next month's expected production needs. The raw material used in Marine and Sails product costs $4.50 per foot. What is the value of raw material that Marine and Sails should plan on purchasing for the month of February? Marine and Sail Manufacturing of Orange, Kentucky has determined the following required production budget for the upcoming months: January February March April Required production in units 4,000 6,000 5,500 5,000 Each unit of finished product requires 3 feet of raw materials. The company maintains raw materials inventory equal to 2,000 feet plus 10% of the next month's expected production needs. The raw material used in Marine and Sails product costs $4.50 per foot. What is the value of raw material that Marine and Sails should plan on purchasing for the month of February? $80,325 $73,575 $74,250 $81,000