Bentsen Corporation makes one product. Budgeted unit sales July 8,500 August 9,000 September October 13,900 11,100...

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Bentsen Corporation makes one product. Budgeted unit sales July 8,500 August 9,000 September October 13,900 11,100 The ending finished goods inventory equals 40% of the following month's sales. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $2.00 per pound. If 76,680 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to: Bentsen Corporation makes one product. Budgeted unit sales July 8,500 August 9,000 September October 13,900 11,100 The ending finished goods inventory equals 40% of the following month's sales. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $2.00 per pound. If 76,680 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to:

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