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The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in units 19,800 20,800 19,700 One pound of material is

The following are budgeted data:

January February March
Sales in units 16,800 23,600 19,800
Production in units 19,800 20,800 19,700

One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% 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

20,680 pounds

21,020 pounds

18,220 pounds

20,580 pounds

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