: The Konica Company has budgeted production for next year as follows: (5 MARKs)

	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
Production in units	80,000	96,000	128,000	112,000

Ten pounds of raw materials are required for each unit produced. Raw materials on hand at the beginning of the year total 20,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. What would budgeted purchases of raw materials in the second quarter be?