Rensing Ltd$.$ estimates sales for the second quarter of $2017$ will

be as follows.$$The target ending inventory of finished products is as

follows.

$2$ units of material are required for each unit of finished

product. Production for July is estimated at $2,780$ units to start

building inventory for the fall sales period. Rensing$$s policy is

to have an inventory of raw materials at the end of each month

equal to $50\%$ of the following month$$s production requirements.Raw materials are expected to cost $$5$ per unit throughout the

period.Calculate the May raw materials purchases in dollars.Raw material purchases cost $$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$