Use the following information to answer Questions 8 & 9: The following information has been projected for Sommers Inc. for March: Sales 50,000 units Finished Goods Beginning Inventory 4,000 units Finished Goods Ending Inventory 8,000 units The selling price is $40 per unit. Each unit requires 4 pounds of material which costs $6 per pound. The beginning inventory of raw materials is 12,000 pounds. The company wants to have 3.000 pounds of material in inventory at the end of March Determine the budgeted material purchases (in $) for March? $1,350,000 $1,296,000 $1,206,000 $1,242,000