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has the following estimates of production for the first four months of 2021: January - 9872 units February - 11808 units March - 11012 units

has the following estimates of production for the first four months of 2021:

January - 9872 units February - 11808 units March - 11012 units April - 14937 units Each unit of product requires 6 KG of raw materials whose price is $6. The price is expected to increase by $2 in the month of March. The company intends to keep month-end inventory equal to 23% of the following month's production needs.

Calculate: The total purchases of raw materials for the first quarter of 2021.

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