Material Requirements. Large clay vases (Model #3672) are one of the products Virtue Pottery Company manufactures and sells. Two (2) pounds of clay are required for each large vase produced. Shown below is selected information from Virtue's master budget for next quarter related to large vase production and sales:
January February March
Budgeted sales of large vases (in units) ............. 60,000 70,000 85,000
Desired ending inventory of large vases (in units) 14,000 17,000 18,000
Desired ending inventory of clay (in pounds) ....... 7,300 8,600 9,200
How many pounds of clay should Virtue plan on purchasing in February? Show and clearly label your calculations and final answer in the box below. (HINT: The ending inventory of one month becomes the beginning inventory of the next month.)