Knowledge Check 01 Selected information from the direct materials budget of Perry Inc. is provided here: Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Desired units of ending raw materials inventory Total units of raw materials needed Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to be purchased First 15, eee 4 60, eee ? Second 12,500 4 5e,eee ? Third 7,500 4 Fourth 15, eee 4 6e, eee 24, eee 3e, eee ? 16, ? 5 $ $ ? > 5 2 s 2 ? 5 ? $ 5 ? ? Perry, Inc. desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be purchased in the first quarter? O $300,000 O $320,000 O $380,000