14. (4 marks) You Co. is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year (assume there will never be a WIP inventory). Beginning Inventory Ending Inventory Finished goods (units) 70.000 20,000 Raw material (grams) 50.000 60,000 Each unit of finished goods requires 5 grams of raw material and costs $4 per gram. The company plans to sell 700,000 units during the year. How much raw material (in dollars) should the company plan to purchase during the year