The following budget information is provided for Gary Company Quarter...........................1................2....................3

Production in units......23,000..........24,000.............21,000

Each finished unit requires 3 lbs of material. The inventory of material at the end of each quarter should equal to 10% of the following quarter's production needs. How many pounds of material should be purchased for the second quarter?

Select one:

A. 71,100 lbs

B. 75,000 lbs

C. 72,000 lbs

D. 74,400 lbs