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Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:

1. The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7,100, 10,100, 13,300, and 14,000 units, respectively. All sales are on credit.
2. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month.
3. The ending finished goods inventory equals 10% of the following month's sales.
4. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $5.00 per pound.
5. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month.
6. The direct labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours.
7. Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero.

If the budgeted cost of raw materials purchases in April is $207,650 and in May is $282,625, then in May the total budgeted cash disbursements for raw materials purchases is closest to:

Multiple Choice

• $124,590
• $237,640
• $169,575
• $113,050