The Tobler Company has the following sales forecasts for the next year:

The Tobler Company has the following sales forecasts for the next year: Five pounds of raw materials are required to produce each unit of the product. The raw materials inventory at the end of each quarter should equal 20% of the next quarter's production needs. The company plans to hold finished good inventory equal to 10% of next quarter sales needs at the end of each quarter. The budgeted purchases of raw materials in the second quarter should be: 65,400 pounds 56,800 pounds 39,240 pounds 52,320 pounds Undeterminable