Under the Big Top is a circus prop manufacturing company that makes miniature bicycles for circus clowns to ride. The following beginning and ending inventory levels (in units) are planned for December 31, 2025. Beginning Inventory Target Ending Inventory

Raw Materials* 50,000 40,000

WIP 10,000 10,000

Finished Goods 80,000 50,000

* Each bicycle requires 2 tires.

If 500,000 finished units were to be made during 2025 by Under the Big Top, the number of tires that must be purchased would be:

990,000 units

1,020,000 units

1,050,000 units

1,010,000 units