Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending Inventory levels are planned for the year. Finished goods (units) Raw material (grams) Beginning Inventory Ending Inventory 25,000 75,000 55,000 45,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 720,000 units during the year, how much of the raw material should the company purchase during the year? 1,540,000 grams O 1,530,000 grams 1,555,000 grams O 1585,000 grams The WRT Corporation makes collections on sales according to the following schedule: 30% in month of sale 64% in month following sale 6% in second month following sale The following sales have been are expected: April May June Expected Sales $100,000 $110,000 $100,000 Budgeted cash collections in June should be budgeted to be $100,000 $106.400 $100,400 $100,600