Current Attempt in Progress Ivanhoe Ltd. estimates sales for the second quarter of 2027 will be as follows. Month Units April 2.740 May 2,840 June 2,610 The target ending inventory of finished products is as follows. March 31 2.160 April 30 2,340 May 31 2,320 June 30 2,550 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,860 units to start building inventory for the fall sales period. Ivanhoe's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $