As the CFO of ePod Sdn Bhd, you noticed that the financial statements for the month of July showed an unusually high gross profit of $417,000 representing a gross profit margin of 67.23% instead of the normal 35%. You noticed that the figure of purchased raw materials in July was unreasonably low. Checking to the inventory count records, you found the following valuations for the month of July: 1 July 2011 31 July 2011 Raw Materials $8,000 $10,000 Work In Process $7,000 $16,000 Finished Goods $9,000 $10,000 Total $24,000 $36,000 Direct Production Labour cost provided by the Human Resource department indicated $50,000. Manufacturing overhead is applied based on 2.7 times of direct labour expense. Revenue for the month was $620,000. How much should be the purchased raw materials based on the normal 35% gross profit margin