2. Rockford Enterprises manufactures a product that requires two gallons of chemical XU- 64 per unit. The cost of XU-64 is $40.00 per gallon. Rockford maintains an ending inventory of XU-64 equal to 70 percent of the following month's production usage. Planned production for Rockford is as follows: 4,000 units in June, 5,000 units in July, and 4,200 units in August. What would be the cost of XU-64 budgeted to be purchased in July. Assume that beginning inventory of XU-64 in July was equal to the budgeted level. $