A company manufactures a product using one material per unit. The following information for the upcoming budget year is available: Number of units sold 12,750 Budgeted beginning finished goods inventory units 2,000 Budgeted ending finished goods inventory units 1,000 Budgeted beginning materials inventory units 2,000 Budgeted ending materials inventory units 3,000 Direct manufacturing material cost per unit $4 What amount is the total materials purchasing budget? Group of answer choices $12,750 $37,000 $51,000 $62,000