The following are budgeted data: JanuaryFebruaryMarch Sales in units15,90021,80018,900 Production in units18,90019,90017,900 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:

20,300 pounds

Explanation:

Purchases Budget for February - Pounds

Material required in Production                                              19,900

Add Opening Materials Inventory (19,900 x 20%)                  3,980

Total                                                                                         23,880

Less Closing Materials Inventory (17,900 x 20%)                 (3,580)

Budgeted Purchases                                                              20,300

Therefore,

Purchases of raw materials for February would be budgeted to be 20,300 pounds

2b2t

explanation:

2b2t