$25,000 loss Next incorrect question A Question 3 (12.5 points) Retake question Simple Manufacturing Company makes units that each requires 5 pounds of material at $4 per pound. Simple Manufacturing is planning that 450 and 700 units will be built in May and June, respectively. This is a brand new product so there is no beginning inventory. Simple Manufacturing desires to keep material on hand equal to 30% of the next month's production needs. Use this information to determine total cost of May's raw material purchases. Round answer to closest dollar. (no cents) Your