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Copr. Goedl A Co.'s production budget reported the following production (in units) for the upcoming...

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Accounting

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Copr. Goedl A Co.'s production budget reported the following production (in units) for the upcoming fiscal year: Q1 12.000: Q2 9,000; Q3 11,500; Q4 8.750 The company wants to maintain a desired ending raw material inventory in the current quarter equal to 10% of the next quarter's production. The only raw material used to produce a single unit is the 1.5 pounds of composite material. The material costs $2.50 per pound. The company began the first quarter with 1,800 pounds in the beginning raw material inventory. What is the total raw materials to be purchased for quarter 1 ? 17,550 12.000 11,100 19,350

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