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Masterson Company's budgeted production calls for 65,000 liters in April and 61000 liters in May of key raw material that costs $2.00per liter. Each month's

Masterson Company's budgeted production calls for 65,000 liters in April and 61000 liters in May of key raw material that costs $2.00per liter. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for the material is 16250 liters. What is the budgeted materials purchases for April?

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