Question 6 1 pts 6. The Austin Company has budgeted production for next year as follows: First Quarter Second Quarter Third Quarter Fourth Quarter 40,000 Production in units 56,000 48,000 64,000 Five pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 5,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the second quarter would be: 320,000 lbs 248,000 lbs 132,000 lbs 49,600 lbs - Previous Next