Problem (Purchase Budget): Batangas Corporation uses 3 pounds raw material to produce one finished unit of its principal product. Batangas expects to produce 20 units of its principal product. The company would like to have 12 pounds of Raw Materials at the end of the materials and will start the period with 10 pounds.

Required: How many pounds of raw materials should it purchase during August and how much is the expected cost if the raw materials cost P1 per pound?