The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for the month of July, when production is expected to be 570,000 units to meet the ending inventory requirements and sales of 575,000 units. Fortnight Co.'s budget analyst has the following actual data for the last three months. Month March April May Production in Units 500,000 640,000 580,000 Manufacturing Supplies $ 679,560 854,560 768,060 Using the high-low method to develop a cost estimating equation, the total estimated cost of needed manufacturing supplies for July would be: (CMA adapted) Multiple Choice $712,500. $718,750. IPLE VVV May 580,000 768,060 Using the high-low method to develop a cost estimating equation, the total estimated cost of needed manufacturing supplies for July would be: (CMA adapted) Multiple Choice 0 $712,500 O $718,750. $773,310 $767,060