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Prestwich Company has budgeted production for next year as follows: ...

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Accounting

Prestwich Company has budgeted production for next year as follows:

Quarter
First Second Third Fourth
Production in units 90,000 110,000 120,000 100,000

Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 40% of the next quarter's production needs for material A. A total of 72,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be:

228,000 pounds

308,000 pounds

316,000 pounds

212,000 pounds

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