At FRANCORP, 6kg of material are required per unit of product. As well, management wants materials on hand at the end of each month to equal 25% of the following month's production. On December 31", 12,500 kg of material are on hand. Assume required production needs for April are S0,000 units. Material cost is $0.55 per kg. Determine the cost of the materials needed to be purchased for the month of January