Save and Click Submit to complete this assessment Question 4 25 points Save QBF12 LL company manufactures sports suits. The budgeted suits to be produced and sold are below: Expected Production Expected Sales June 3,700 2,800 July 2900 3,500 August 3,100 2,900 It takes 2 yards of raw material to produce a suit. The cost of raw material per yard - $10. The company's policy is to maintain a finished goods inventory at the end of each month equal to 10% of next month's expected sales, and to maintain a raw material ending inventory at the end of each month equal to 15% of next month's production needs The budgeted cost of raw material purchases in July is ............ Question Click Submit to complete this assessment. Save and Submit Click Submit to complete this assessment. Question 4 of 4 Question 4 25 points Save Answer QBF12 LL company manufactures sports suits. The budgeted suits to be produced and sold are below: Expected Production Expected Sales June 3,700 2,800 July 2,900 3,500 August 3,100 2.900 It takes 2 yards of raw material to produce a suit. The cost of raw material per yard $10. The company's policy is to maintain a finished goods inventory at the end of each month equal to 10% of next month's expected sales, and to raw material ending inventory at the end of each month equal to 15% of next month's production needs. The budgeted cost of raw material purchases in July is .. Click Submit to complete this assessment Question 4 of 4