Zhang Industries budgets production of 350 units In June and 360 units in July. Each finlshed 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 budgeted cost of purchases for raw material K for June Multiple Choice $10,500. $7650. $10,800 $10,620. $10,590