The Tori Company had budgeted production for the year as follows:

Quarter	1	2	3	4
Production in units	11,200	13,200	19,100	15,200

Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 5,200 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:

• 74,060 lbs.

• 55,360 lbs.

• 62,220 lbs.

• 74,000 lbs.