Oriole Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April May June March 31 April 30 May 31 Units June 30 2,790 The target ending inventory of finished products is as follows. 2,890 2,660 2,200 2,380 2,360 2,600 Two units of materials are required for each unit of finished product. Production for July is estimated at 2,910 units to start building inventory for the fall sales period. Oriole's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements.

Oriole Ltd, estimates sales for the second quarter of 2022 will be as follows. The target ending inventory of finished products is as follows. Two units of materials are required for each unit of finished product. Production for July is estimated at 2.910 units to start building inventory for the fall sales period. Oriole's policy is to have an irventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Two units of materials are required for each unit of finished product. Production for July is estimated at 2,910 units to start building inventory for the fall sales period. Oriole's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost