16 At the beginning of February, the following was determined for a particular product: Standard Quantity of material per unit Standard Price of material Budgeted Units to be produced 3 lbs. $2.00 per lb. 5,000 units The following data pertain to operations concerning the product for February: Beginning Materials Inventory 1,200 lbs. Ending Materials Inventory Actual Units Produced Materials Purchase Price Variance Materials Quantity Variance What was the actual cost of materials purchased in February? 900 lbs. 5,100 units $1,520 Unfavorable $400 Unfavorable A. $28,880 B. $31,320 C. $31,920 D. $32,520 E. None of the above