Answer: $$330,000$

Sleeter Corporation makes one product and it provided the following information to help

prepare the master budget for the next four months of operations:

a$.$ Budgeted unit sales for April, May, June, and July are $7,500,11,900,10,800,$ and $14,800$

units, respectively. All sales are on credit.

b$.$ The ending finished goods inventory equals $30\%$ of the following month's sales.

c$.$ The ending raw materials inventory equals $30\%$ of the following month's raw materials

production needs. Each unit of finished goods requires $6$ pounds of raw materials. The

raw materials cost $$5\mathrm{.}00$ per pound.

If $72,000$ pounds of raw materials are required for production in June, then the budgeted cost of

raw material purchases for May is closest to:

Answer: