A company's standards for producing one unit are 7.0 inches of material at a cost of $0.40 per inch. The company produced 500 units using 3450 inches of material, costing a total of $1300. What cost of materials should have been incurred to make 500 units? Type your answer in the space below with two decimal places and without a dollar sign or comma. i.e. 0000.00 Your