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Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: Budgeted production (in units) Budgeted
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: Budgeted production (in units) Budgeted raw materials purchases (in pounds) January February March 70,600 ? 83,000 144,810 160,600 161,800 < 06 Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 20% of the following month's production needs. The company is expected to have 28,240 pounds of raw materials on hand on January 1. Budgeted production for February should be:
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