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The Gabriel Corporation has budgeted production for next year as follows: First 10,000 Quarter Second...

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Accounting

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The Gabriel Corporation has budgeted production for next year as follows: First 10,000 Quarter Second Third 12,000 15,000 Fourth 14,000 Production in units Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the third quarter would be: O 62,400 pounds 59,600 pounds O 63,200 pounds O 50,400 pounds

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