The required production from the production budget for April and May is 31,000 units and 32,000 units. respectively Each unit of finished goods required 5 pounds of raw materials. The company always maintains raw materials inventory equal to 20% of the following months production needs. If the company pays $2.15 per pound of raw material, then what is the estimated cost of raw material purchases for April? $341,000 $334,800 O $338,400 O $335,400