Zhang Industries budgets production of 400 units in June and 410 units in July. Each finished unit requires 4 pounds of raw material K, 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 480 pounds of raw material K. Compute the budgeted cost of purchases for raw material K for June. $8,200 $8,060. $8,100 $5,800 58,009