2 points Save Ans Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 4000 units of Prime and 1900 units of Luxuria in 2016. The following estimates are given for 2016: Prime Luxuria $200 $500 60 200 80 150 Selling price Direct materials Direct labor Manufacturing overhead 30 Meridian had an inventory of 230 units of Prime and 95 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 390 units of Prime and 230 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $10. There were 150 units of Crimpson in stock at the end of 2015. The management does not want to have any stock of Crimpson at the end of 2016. What is the amount budgeted for purchase of Crimpson in 2016? $19.000 $41.600 518,850 25