A company requires 200 pounds of plastic to meet the production needs of a product. It currently has 20 pounds of plastic inventory. The desired ending inventory of plastic is 60 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period?
A) 200 pounds
B) 240 pounds
C) 260 pounds
D) 280 pounds
E) 160 pounds
Correct Answer:
Verified
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