C-Cubed had the following information from the end of last year for its Mountain Bikes: Budgeted Bike Production for October 115 bikes Budgeted Bike Production for November 100 bikes Budgeted Bike Production for December 120 bikes Cash Collected from Sales in November $40,000 Cash Available on November 1 $5,000 Cash Disbursements in November $25,000 Interest Paid During November $500 The ending raw materials inventory equals 25% of the following month's raw material production needs. Each unit of finished goods requires 60 inches of raw materials. The raw materials cost $3.50 per inch. What is the estimated cost of raw materials purchases for November? Please note the production needs for each month are listed in the table. Multiple Choice $21,630 $21.262.50 $6,300 $22,050