Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires pounds of raw material which costs $5 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 360 pounds of raw material K. Compute the budgeted cost of purchases for raw material for June Multiple Choice O S6100 O 54,400 $6,060 $6,200