ABCDE Sound Company plans to sell 50,000 units in August and 60,000 units in September. The desired monthly ending inventory in units of finished product is 70 percent of the next months estimated sales. There are 35,000 finished units in inventory on July31. Each unit of finished product requires sixkilogramsof raw material at a cost of $3.65per pound. There are 70,000 kilogramsof raw material in inventory on July31. Required:Compute the total estimated cost of raw-material purchases for the month of August