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87.) Assume that a company expects to produce 11,200, 12,200, and 14,200 units of...

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Accounting

87.)

Assume that a company expects to produce 11,200, 12,200, and 14,200 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 4 pounds of raw material and each pound of raw material costs $4.00. The company always maintains an ending raw materials inventory equal to 30% of next months production needs. What is the amount of expected raw materials purchases for February?

Multiple Choice

  • $204,800

  • $153,600

  • $195,200

  • $167,360

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