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Alliance Company budgets production of 2 4 , 0 0 0 units in January and 2 8 , 0 0 0 units in Fetruary. Each

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Alliance Company budgets production of 24,000 units in January and 28,000 units in Fetruary. Each finshed unit requires 4 pounds of raw material K that costs $250 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 38,400 pounds. What is the budgeted materials cost for January?
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