Zhang Industries budgets production of 250 units in June and 260 units in July. Each finished unit requires 5 pounds of raw material K, which costs $6 per pound. Each month's ending Inventory of raw materials should be 20% of the following month's budgeted production. The June 1 raw materials inventory has 250 pounds of raw material K. Compute the budgeted cost of purchases for raw material K for June Multiple Choice $6,300 $7,500 S2300 $7560 $7.620