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Sleeter Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations w

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Sleeter Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations w points (8 00.30-17 a Budgeted unit sales for April May June, and July are 7.500, 11.900, 10.800 and 14,800 units, respectively. All sales are on credit b. The ending finished goods Inventory equals 30% of the following month's sales c. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materials cost $5.00 per pound If 72.000 pounds of raw materials are required for production in June, then the budgeted cost of raw material purchases for May is closest to

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