Tom plans to sell 40,000 units of product # 75 in June, and each of these units requires five square feet of raw material. Pertinent data follow:

Product # 75

Raw Material

Estimated June 1 inventory

4,500

13,000

Square feet

Estimated June 30 inventory

1,200

?

Tom's budgeted purchase of raw material during June

=

220,000

Square feet

What is the estimated raw-material inventory on June 30?

	I.	49,500 square feet
	II.	20,000 square feet
	III.	23,500 square feet
	IV.	6,000 square feet
	V.	203,500 square feet