XX company manufactures bottled water. The budgeted bottles to be produced and sold are below: Expected Production Expected Sales August 3,500 Bottles 2,900 Bottles September 2,800 Bottles 3,900 Bottles It takes 3 pounds of raw material to produce a bottle. The cost of raw material pound = $1. The company's policy is to maintain raw material ending inventory at the end of each month equal to 5% of next month's production needs and to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated production needs. The budgeted cost of raw material purchases for August is $.......................................