BACK Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows Month April May une Units 2,360 2,440 2,370 The target ending inventory of finished products is as follows March 31 2,050 April 302,210 May 312,170 June 30 2,320 ns re nttined rosoction tor buy s estinoted 90 at 2,800 units to start building Inventory for the fall sales period. Rensing's policy is to have an inventory of raw materials at the Raw materials are expected to cost $7 per unit throughout the period. Calculate the May raw materials purchases in dollars Raw material purchases cost end of each month equal to 50% of the following month's production requirements