Alliance Company's budgets production of 29,000 units in January and 33,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $3.00 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 34,800 pounds. What is the budgeted materials cost for January?

Multiple Choice

• $348,000.
• $466,800.
• $362,400.
• $243,600.
• $223,200.