7. Crimson company produces home windows. Crimson is preparing direct material budget. The company projects the cost of goods sold of $80,000 in July, $60,000 in August; and $50,000 in September. The desired ending inventory is 20% of the following month's cost of goods sold. Compute the total direct material purchases in July. a. $92,000. b. $108,000. c. $82,000. d. $76,000