Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurslon. Budgeted production of Miniwarps for the next five months is as follows: August September October November December 23,500 units 22,200 units 23,600 units 24,800 units 24,500 units 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 11,700 kilograms of Jurislon were on hand. The cost of Jurislon is $27 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurision to be purchased in August is Multiple Choice $1,586,250 $2,785,050 $1,644.975 $1,960,875