(Solved): A corporation's budget for the next three months is given below: \table[[,January,February,March],[B ...

A corporation's budget for the next three months is given below: \table[[,January,February,March],[Budgeted production (in units),71,400,

,87,000],[Budgeted raw materials purchases (in pounds),242,733,172,600,165,800]] Four pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to

of the following month's production needs. The company is expected to have 71,400 pounds of raw materials on hand on January 1 . Budgeted production for February should be: Multiple Choice 85,400 units 87,600 units 87,000 units 28,533 units