Question 6 4 pts A corporation has budgeted production for next year as follows: Quarter Second Third 8,000 14,000 First 12,000 Production in units Fourth 12,000 Six pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 14,400 pounds. The raw materials inventory at the end of each quarter should equal 20% of the next quarter's production needs, Budgeted purchases of raw materials in the third quarter would be: 81,600 pounds 55,200 pounds 84,800 pounds 63,400 pounds