Parker Company budgets on an annual basis for its fiscal year. The following beginning and ending levels (in units) are planned for the fiscal year January 2020 through December 2020: Raw Materials Work-in-Process Finished Goods January 2020 40,000 15,000 86,000 December 2020 51,000 15,000 59,000 Each unit of finished product requires two pounds of material. If Parker plans to manufacture 530,000 units of finished product during the year, the number of units of materials that need to be pure Multiple Choice 530,000 1,049,000 O 1,111,000 O 1,071,000 541,000