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 months ending inventory of raw materials should be 30% of the following months 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

$10,590.

$10,800.

$10,500.

$7,650.

$10,620.