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Alliance Companys budgets production of 21,000 units in January and 25,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each months ending raw materials inventory should equal 35% of the following months budgeted materials. The January 1 inventory for this material is 29,400 pounds. What is the budgeted materials need in pounds for January? Multiple Choice 89,600 pounds. 84,000 pounds. 54,600 pounds. 119,000 pounds. 64,400 pounds.
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Answer: 89,600 pounds Material needed for January - Budgeted Production units x Material required per Unit 21,000 x4 84,000 Material needed for February-Budgeted Production unitsx Material required per Unit -25,000x 4 - 100,000 Materials to be purchased for January Materials needed + ending inventory requirements - beginning inventory available -84.000-(100,000 x 35%)-29,400 89,600 pounds

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