Anthony Co. manufactures leather briefcases and carryalls. Anthony's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Anthony maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February March April May June Budgeted production 51000 44500 59200 64900 58900 If each yard of leather fabric costs $6.40, how much should Anthony budget for purchases of fabric in February? $379200 $477120 $391680 $320480