The Tori Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in units 11,900 13,900 19,800 15,900 Five pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 5,900 lbs. The raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be:

Multiple Choice 96,000 lbs. 72,250 lbs. 79,625 lbs. 96,075 lbs.