Moodle X DE Question 23 MTP A very old and established company has budgeted sales for the upcoming quarter as follows: January 15.000 unit February 18.000 units March 16.500 units The company is in an industry where it is very costly to run out of finished goods inventory or raw materials inventory Therefore, they have used the following budget policies for the last 50 years: * The ending finished goods inventory for each month equals 50% of the next month's budgeted sales volume. * The ending raw materials inventory for each month equals 200% of the next month's production requirements Three (3) pounds of material is required for each finished unit produced. If the raw materials cost $4.00 per pound and must be paid for in the month purchased, the budgeted raw materials purchases (in dollars) for January are Select one: a $198.000 b. $216,000 $207.000 Time left 0:39:40 DELL FY 12 1 2 3 $ 4 % 5 A 6 7 B 9 > O Tab Q 0 W E R Y U O P es Lock A A S D F G H J K L ; N B N Fn Alt Al CH