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Masterson Company's budgeted production calls for 61,000 liters in April and 57,000 liters in May of...

Masterson Company's budgeted production calls for 61,000 liters in April and 57,000 liters in May of a key raw material that costs $1.80 per liter. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 12,200 liters. What is the budgeted materials need in liters for April?

Multiple Choice

  • 72,400 liters.

  • 48,800 liters.

  • 63,400 liters.

  • 61,000 liters.

  • 60,200 liters.

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