Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: 1. Budgeted Unit Sales - April =7,500 units - May =11,900 units - June =10,800 units - July =14,800 units, (respectively) - All sales are on credit 2. Ending Finished Goods Inventory =30% (of the following month's sales) 3. Ending Raw Materials Inventory =30% (of the following month's raw materials production needs) - Each unit of finished goods requires 6 pounds of raw materials. - The raw materials cost $5.00 per pound. If 72,000 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to which of the following? $347,100$559,230$350,970 None of these. $455,100