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Rensing Ltd. estimates sales for the second quarter of 2020 will be as follows. Month Units April 2,500 May 2,440 June 2,340 The target ending

Rensing Ltd. estimates sales for the second quarter of 2020 will be as follows. Month Units April 2,500 May 2,440 June 2,340 The target ending inventory of finished products is as follows. March 31 2,000 April 30 2,230 May 31 2,190 June 30 2,310 2 units of material are required for each unit of finished product. Production for July is estimated at 2,690 units to start building inventory for the fall sales period. Rensings policy is to have an inventory of raw materials at the end of each month equal to 60% of the following months production requirements. Raw materials are expected to cost $5 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases cost $enter the Raw material purchases cost in dollars

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