Oak Mountain Materials makes one product.

	July	August	September	October
Budgeted unit sales	8,500	9,000	13,900	11,100

The ending finished goods inventory equals 40% of the following month's sales. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $2.00 per pound. If 76,680 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to:

Group of answer choices

$146,856

$133,704

$160,008

$131,520