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 budgeted cost of purchases for raw material K for June.

mulitple choice

$4,400.

$6,000.

$6,200.

$6,060.

$6,100.