Mercado Corporation has the following budgeted unit sales for the next three-month period: Month Unit Sales June 90,000 July 120,000 August 210,000 September 150,000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the next month. 5 pounds of materials are required for each unit produced. Each pound of material costs $7. Inventory levels for materials are equal to 30% of the needs for the next month. Materials inventory on June 1 was 15,000 pounds. How much are they planning on spending for the material purchases for July