Chapter 6, Problem 21P

Can you help me solve this general accounting question using the correct accounting procedures?

If there were 72,000 pounds of raw materials on hand on January 1, 196,000 pounds are desired for inventory at January 31, and 385,000 pounds are required for January production, how manypounds of raw materials should be purchased in January? A. 290,000 pounds. B. 509,000 pounds. C. 182,000 pounds. D. 337,000 pounds.

Can you solve this general accounting problem using appropriate accounting principles?