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9. (2 points) Lito Fray Company produces potato chips. The company expects to sell 45,000 bags of chips for $3 each in 2023 . The expected cost of potatoes is $0.60 per pound. Each bag of chips requires 1.8 pounds of potatoes. Direct labor is $0.20 per bag and manufacturing overhead is $0.65 for each bag. The following inventory levels apply to 2023 (there are no work in process inventories): What is the expected cash expenditure for potato purchases in 2023? a. $48,552 b. $48,600 c. $49,740 d. $27,480 e. $28,140 f. $80,920 g. $50,604 h. None of the above 9. (2 points) Lito Fray Company produces potato chips. The company expects to sell 45,000 bags of chips for $3 each in 2023 . The expected cost of potatoes is $0.60 per pound. Each bag of chips requires 1.8 pounds of potatoes. Direct labor is $0.20 per bag and manufacturing overhead is $0.65 for each bag. The following inventory levels apply to 2023 (there are no work in process inventories): What is the expected cash expenditure for potato purchases in 2023? a. $48,552 b. $48,600 c. $49,740 d. $27,480 e. $28,140 f. $80,920 g. $50,604 h. None of the above