2 units of material are required for each unit of finished product. Production for July is estimated at 2,800 units to start building inventory for the fall sales period. Rensing's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $7 per unit throughout the period. Calculate the May raw materials purchases in dinllars. Raw material purchases cost $ Attempts: 0 of 4 used Check