Dakota Products has a production budget as follows: May, 18,500 units; June, 21,500 units; and July, 26,500 units. Each unit requires 3 pounds of raw material. Dakota desires to keep an inventory of 10% of the next months requirements on hand. On May 1, there was 5,550 pounds of material in inventory. Material purchases in May would be:

54,600 lbs

56,400 lbs

61,950 lbs

64,500 lbs