Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds of raw material K, which costs $5 per pound. Each months ending inventory of raw materials should be 30% of the following months budgeted production. The June 1 raw materials inventory has 360 pounds of raw material K. Compute the budgeted cost of purchases for raw material K for June. $6,200. $6,100. $4,400. $6,000. $6,060.