You have the following budget information for Montgomery Company. Required production-January 14,000 units Required production-February 16,000 units Required production March 20,000 units Required production-April 23,000 units Pounds of raw material per unit 4 pounds Cost of raw material per pound $5 Management desires an ending raw materials i equal to 10% of the next month's materials requirements is the budgeted cost of raw materials purchases in March? $406,000 $400,000 $360,000 $335,000