QUESTION 19 The Cougar Company manufactures brass cougars. The number of cougars to be produced in the upcoming three months follows: Number of cougars to be produced in July 12,000 Number of cougars to be produced in August 15,000 Number of cougars to be produced in September 10,000 Each cougar requires 2 pounds of brass. The company has a policy that the ending inventory of brass each month must be equal to 20% of the following month's expected production needs. if brass costs $3 per pound how many dollars should The Cougar Company budget for direct materials purchases in August? $84,000 $72,000 $60,000 $120,000