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Zhang Industries budgets production of 3 5 0 units in June and 3 6 0 units in July. Each finished unit requires 5 pounds of

Zhang Industries budgets production of 350 units in June and 360 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 30% of the following month's budgeted production. The June 1 raw materials inventory has 525 pounds of raw material K. Compute the budgeted cost of purchases for raw material K for June.
Multiple Choice
$7,650.
$10,500.
$10,800.
$10,590.
$10,620.
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