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?
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$204,800
$153,600
$195,200
$167,360
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