Masterson Company's budgeted production calls for 61,000 liters in April and 57,000 liters in May of a key raw material that costs $1.80 per liter. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 12,200 liters. What is the budgeted materials need in liters for April?

Multiple Choice

• 72,400 liters.

• 48,800 liters.

• 63,400 liters.

• 61,000 liters.

• 60,200 liters.