urgent

Masterson Company's budgeted production calls for 56,000 liters in April and 52,000 liters in May of a key raw material that costs $1.85 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 16,800 liters. What is the budgeted cost of materials purchases for April? A) $103,600 B) $72,520 C) $101,380 D) $106,560 E) $132,460