Cobb Corporation makes one product.

	July	August	September	October
Budgeted unit sales	9,870	10,360	12,300	10,800

The ending finished goods inventory equals 30% of the following month's sales. The ending raw materials inventory equals 20% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $3.20 per pound.

1. If 45,560 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to:

A) $145,346

B) $152,637

C) $169,216

D) $172,352