A manufacturing company is preparing the schedules that comprise its master budget. The forecasted production in units of finished goods for the first four months of the coming year are as follows: Month Production (In units) 400,000 January February 380,000 March 420,000 April 440,000 Additional details regarding inventory requirements and direct material purchases are as follows. The company pays for the direct material purchases in the month of the purchases and takes all discounts. Item Requirement Month-end direct materials inventory requirement 25% of the next month's production requirements Direct material required per unit of finished goods One (1) pound of direct material Invoice price (cost) of direct material $5 per pound Purchase terms for direct material 2/10, n/30 The cash that would be required to pay for direct material purchases during the month of February would be O $1,911,000 O $1,862,000 $1,950,000 O $1,813,000