Summers, Inc. determined the following projections for next year:

Sales 50,000 units

Beginning Inventory 4,000 units

Ending inventory 8,000 units

The selling price is $40 per unit. Each unit requires four pound of material which costs $6 per pound. The beginning inventory of raw material is 12,000 pounds and the desired ending inventory of raw materials is 3,000 pounds. Summers' budgeted total purchases cost of direct (raw) materials would be:

None of the other answers are correct.

$1,242,000

$1,206,000

$1,296,000

$1,350,000