Masterson Company's Budgeted Production Calls for 56,000 Units in April

Multiple Choice

Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs $1.85 per unit.Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials.The April 1 inventory for this material is 16,800 units.What is the budgeted materials purchases for April?

A) $106,560.
B) $101,380.
C) $103,600.
D) $72,520.
E) $132,460.