A company produces industrial rotors and provides the following additional information about steel, which is a direct material for the rotors: $[[$Pounds of steel needed per rotor,$8$ pounds$],[$Steel cost$,(2\mathrm{.}34)/()$ pound$]]$ At the end of each month, the company wants to have $30\%$ of the raw materials that will be needed for the next month on hand. Budgeted rotor production for the next two months is: $[[$November$,13,000$ rotors$],[$December$,7,000$ rotors$]]$ What will be the budgeted cost of steel purchases for November? $($Round the final answer to the nearest dollars and cents and remember that your final answer should be a cost, not a number of pounds.$)$

A company produces industrial rotors and provides the following additional information about steel, which is a direct material for the rotors:

$\backslash$table$[[\backslash$table$[[$Pounds of steel needed per$],[$rotor$]],14$ pounds$],[$Steel cost$,$$$\frac{2\mathrm{.}31}{?}$ pound$]]$

At the end of each month, the company wants to have $40\%$ of the raw materials that will be needed for the next month on hand. Budgeted rotor production for the next two months is:

$\backslash$table$[[$November$,11,000$ rotors$],[$December$,8,000$ rotors$]]$

What will be the budgeted cost of steel purchases for November? $($Round the final answer to the nearest dollars and cents and remember that your final answer should be a cost, not a number of pounds.$)$