Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 5.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August September October 22,900 units 21,600 units 23,000 units 24,200 units 23,900 units November December The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 11,000 kilograms of Jurislon were on hand. The cost of Jurislon is $21.50 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurislon to be purchased in August is: Multiple Choice $3,109,975 $3,268,650 $2,929,875 $3,305,550 Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 5.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows: August September October 22,900 units 21,600 units 23,000 units 24,200 units 23,900 units November December The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 11,000 kilograms of Jurislon were on hand. The cost of Jurislon is $21.50 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurislon to be purchased in August is: Multiple Choice $3,109,975 $3,268,650 $2,929,875 $3,305,550