5. The schedule below relates to the forecasted raw material (RM) purchases for the upcorning quarter of Rafter Lid. Only a portion of the entries for the quarter have been entered The company has developed a policy of maintaining its raw materials closing inventory at a level equal to 20% of the estimated production requirements of the following month. The unit cost of raw materials increases by 30 cents each month Month 1 Month 2 Month 3 Total Production requirements (RM in units) 80,000 120,000 330.000 Desired closing inventory - raw materials Opening inventory - raw materials 22,000 RM purchases (units) RM Unit cost $1.60 RM Purchases ($) Budgeted purchases (S) for month 2 is. A. $240.000 B. $264 600 C. $252 000 D $231 800 E. None of the above Activate Windows