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 November December 23, 800 units 22,500 units 23,900 units 25, 100 units 24, 800 units The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 12,000 kilograms of Jurislon were on hand. The cost of Jurislon is $19 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 $2,729,350 $2,957,350 $2,487,100 $1,758,260