Selected information from the direct materials budget of Perry Inc. is provided here First Second 15,000 12,500 Third 7,500 4 30,000 Fourth 15,000 Required production in units of finished goods Required production in units of finished goods Units of raw materials needed to meet production Desired units of ending raw materials inventory Total units of raw materials needed Units of beginning raw materials inventory Units of raw materials to be purchased Unit cost of raw materials 60,000 50,000 60,000 24,000 16,000 5 $ Cost of raw materials to be purchased Perry, Inc. desires to maintain the ending inventory of raw materials at 40 percent of the next quarter's raw material needs. What is the cost of raw materials to be purchased in the first quarter? $300,000 $320,000 $380,000 $400,000