tpx 200 points E8-12 Preparing Production, Raw Materials Purchases Budgets [LO 8-3b, c] 3.895 4,590 4,105 4,000 Direct material costs $2.70 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each Required: month. Raw materials on hand at March 31 totaled 3,743 pounds. Do not round your intermediate caleulations and round your final answer to the nearest whole number.) 2. Cost of