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The following are budgeted data: January February March...

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Accounting

The following are budgeted data:

January February March
Sales in units 15,000 20,000 18,000
Production in units 18,000 19,000 16,000

One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:

Multiple Choice

A: 19,600 pounds

B: 20,400 pounds

C: 18,600 pounds

D: 18,400 pounds

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