Masterson Company's budgeted production calls for 69,000 liters in April and 65,000 liters in May of a key raw material that costs $1.75 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 20,700 liters. What is the budgeted materials need in liters for April?

• 69,000 liters.
• 67,800 liters.
• 70,600 liters.
• 48,300 liters.
• 88,500 liters.