Alliance Company's budgets production of 33,000 units in January and 37,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 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 46,200 pounds. What is the budgeted materials cost for January? Multiple Choice O $459,500 $344,000 O $245,000