Artex Co. is planning to sell 1000 units, with production estimated at 750 units during July. Each unit requires 19 pounds of raw materials and 2 hours of direct labor. Raw materials cost $1.50 per pound and employees of the company are paid $12.00 per hour. Artex has 1,900 pounds of raw materials in beginning inventory and wants to have 3,700 pounds in ending inventory at the end of the month. What is the total amount to be budgeted in dollars for direct materials to be purchased for the month of July? Select one: a. 24,075 b. 18,675 c. 16,050 d. 31,200