The Hufenpuf Company produces bricks for use in building homes. Hufenpuf is looking to create a Direct Materials Budget for next year so it plans its materials costs when it starts to negotiate materials costs with its clay suppliers. Each brick that Hufenpuf produces uses 1.5 pounds of clay, and Hufenpuf is estimating (if negotiations go well) that each pound of clay will cost them $0.20. Hufenpuf has projected the following for Quarter 1 of next year: Units of Production Needed is 500,000 bricks, the Desired Ending Direct Material Inventory for Quarter 1 is 100,000 pounds of clay, and the Estimated Beginning Direct Material Inventory is 70,000 pounds of clay. What is the Total Cost of Raw Materials to be Purchased? a.) 156,000 b.) 500,000 c.) 780,000 d.) 170,000