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Alliance Company budgets production of 33,000 units in January and 37,000 units in February. Each...

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Accounting

Alliance Company budgets production of 33,000 units in January and 37,000 units in February. Each finished unit requires 4 pound of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 46,200 pounds. What is the budgeted materials cost for January?

-$330,000

-$459,500

-$344,000

-$214,500

-$245,000

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