Alliance Company's budgets production of 30,000 units in January and 34,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 31,500 pounds. What is the budgeted materials cost for January? Multiple Choice $329,700