22.JosephCo. manufactures leather briefcases and carryalls.Joseph's production manager has provided the following production budget. Each briefcase or carryall requires1.2yards of leather fabric andJosephmaintains an ending inventory of leather fabric equal to25% of the next month's production needs.

Budgeted production

Feb 50500

mar 43000

april 59200

may 64900

june 57200

If each yard of leather fabric costs $6.40, how much shouldJosephbudget for purchases of fabric in February?