Meridian Industries manufactures and sells two models of watches, Prime and Luxuria. It expects to sell 3600 units of Prime and 2000 units of Luxuria in 2016.The following estimates are given for 2016: Prime Luxuria Selling price Direct materials Direct labor Manufacturing overhead $200 $500 30 60 40 190 40 130 Meridian had an inventory of 250 units of Prime and 115 units of Luxuria at the end of 2015. It has decided that as a measure to counter stock outages it will maintain ending inventory of 380 units of Prime and 240 units of Luxuria. Each Luxuria watch requires one unit of Crimpson and has to be imported at a cost of $12. There were 140 units of Crimpson in stock at the end of 2015.The management does not want to have any stock of Crimpson at the end of 2016. What is the amount budgeted for purchase of Crimpson in 20162 $44,760 $24,000 $25,500 $23,820