Formica Inc. estimates sales of 18,000 table tops during April. They have an inventory of 2,800 completed table tops on March 31 and would like to have 3,000 table tops in their inventory on April 30. It takes Formica 16 lbs. of a mixture of sandstone and lime to make one table top. They have an inventory of 60,000 lbs. of mixture on March 31 and have a target inventory of 80,000 lbs. of mixture for April 30. Each 1b. of mixture costs Formica approximately $4. Determine the budgeted material purchases for April? a) $1,244,800 Ob) $311,200 Oc) $152,800 d) $38,200 e) $291,200