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Masterson Company's budgeted production calls for 58,000 liters in

April and 54,000 liters in May of a key raw material that costs $1.65 per liter. Each months ending raw materials inventory should equal 30% of the following months budgeted materials. The April 1 inventory for this material is 17,400 liters. What is the budgeted materials need in liters for April? Multiple Choice 74,200 liters. 40,600 liters. 59,600 liters. 58,000 liters. 56,800 liters.

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It is given the the closing inventory must be 30% of the following months production needs so, the closing inventory of Marc

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