the company wants to maintain monthly ending Inventories of Material K equal to 20% of the following month's production needs. On July 31. this requirement was not met since only 2,500 yards of Material K were on hand. The cost of Material K is $0.B5 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year The total cost of Material K to be purchased in August is: Multiple Choice 548.200 $33,840 542,300. 540970 the company wants to maintain monthly ending Inventories of Material K equal to 20% of the following month's production needs. On July 31. this requirement was not met since only 2,500 yards of Material K were on hand. The cost of Material K is $0.B5 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year The total cost of Material K to be purchased in August is: Multiple Choice 548.200 $33,840 542,300. 540970