Masterson Company's budgeted production calls for 68,000 liters in April and 64,000 liters in May of a key raw material that costs $1.70 per liter. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for this material is 17,000 liters. What is the budgeted materials purchases for April?

Multiple Choice

$119,000.

$113,900.

$115,600.

$86,700.

$142,800.