For the coming month, the Glass Vessel company expects to sell 500 vases. Glass Vessel currently has 75 vases in inventory, and budgets to have 50 vases in inventory at the end of the month. Glass Vessel uses 2 pounds of raw materials (mostly glass) to produce one vase. Glass Vessel currently has 200 pounds of raw materials in inventory, and budgets to have 160 pounds of raw materials in inventory at the end of the month.
Required:
What are Glass Vessel's budgeted raw materials purchases for the month?