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Zeta Company budgets on an annual basis. The following Raw Material Inventory is planned for 2023: January 1 - 40,000 meters December 31 - 10,000

Zeta Company budgets on an annual basis. The following Raw Material Inventory is planned for 2023: January 1 - 40,000 meters December 31 - 10,000 meters The Production Budget indicates that 450,000 units need to be produced to meet the expected sales level of 575,000 units. Three (3) meters of raw material are needed to produce each unit of finished product. REQUIRED: How many meters of raw material would be budgeted to be purchased for 2023

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