The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for the Morton Plant for the month of July, when production is expected to be 400,000 units to meet the ending inventory requirements and sales of 405,000 units. Joy Co's budget analyst has the following actual data for the last three months.

Month	Production In Units		Manufacturing Supplies
March	380,000		$ 1,026,000
April	470,000		1,206,000
May	410,000		861,000

Using the high-low method to develop a cost estimating equation, the estimate of needed manufacturing supplies for July would be:

$1,066,000.

$800,000.

$810,000.

$760,000.