MN Company estimates the production for the coming months as follows:?JanuaryFebruaryProduction Budget (units)100000110000Each unit requires2?pounds?of?raw materialthe cost of raw material$12per pundThe company requires to have ending inventory equals to20%of the next month production.This policy reflects beginning inventory on January.??Determine the needed purchases of raw material??

a) between and?$2,340,000 and $2,349,000

b) between and?$2,440,000 and $2,449,000

c) between and?$2,540,000 and $2,549,000

d) between and?$2,640,000 and $2,649,000