TB MC Qu. 8-61 The following are budgeted ...

The following are budgeted data:

	January			February		March
Sales in units	15,500			21,000		18,500
Production in units	18,500			19,500		17,400

One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 30% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:

Garrison 16e Rechecks 2017-10-03

Multiple Choice

• 20,130 pounds

• 19,970 pounds

• 18,870 pounds

• 18,630 pounds