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Assume that a company expects to produce 11,700,12,700, and 14,700 units of finished goods in...

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Accounting

Assume that a company expects to produce 11,700,12,700, and 14,700 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 3 pounds of raw material and each pound of raw material costs $5.25. The company always maintains an ending raw materials inventory equal to 30% of next month's production needs. What is the amount of expected raw materials purchases for February?
Multiple Choice
$204,075
$209,475
$168,765
$169,575
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