mapters 13, 16, and 18 Help Save & Exit Submit The Molson Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in units 12,000 14,000 19,900 16,000 Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 6,000 lbs. The raw materials inventory at the end of each quarter should equal 20% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the second quarter would be: Multiple Choice 56,000 lbs. O O 64,800 lbs O stems 52,800 lbs. O 60,720 lbs. tems m 300